Looking At ServiceNow's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has seen unusual options activity, with a significant bearish sentiment among investors. Benzinga's options scanner highlighted 25 extraordinary options activities, with 64% of investors leaning bearish. The options activity suggests a targeted price range of $580 to $1000. Despite the bearish options sentiment, analysts maintain positive ratings with target prices ranging from $950 to $1055.
October 15, 2024 | 8:01 pm
News sentiment analysis
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ServiceNow has experienced unusual options activity with a bearish sentiment, as 64% of investors are bearish. Despite this, analysts maintain positive ratings with target prices ranging from $950 to $1055.
The unusual options activity with a bearish sentiment suggests potential downward pressure on ServiceNow's stock price in the short term. However, the positive analyst ratings and high target prices indicate a potential for recovery or stability in the longer term. The immediate impact is likely negative due to the significant bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100