Spotlight on ServiceNow: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has seen a surge in options activity, with 38 unusual trades identified. 39% of traders are bullish, while 28% are bearish. The trading focus is on a price range between $520 and $1000. Analysts have mixed ratings, with a consensus target price of $987.
October 23, 2024 | 6:15 pm
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NEUTRAL IMPACT
ServiceNow has experienced significant options activity, with a focus on a price range of $520 to $1000. Analysts have mixed ratings, with a consensus target price of $987. The stock is currently down 1.48% at $904.41.
The surge in options activity indicates heightened interest and potential volatility in ServiceNow's stock. The mixed analyst ratings suggest uncertainty about the stock's short-term direction, leading to a neutral impact score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100