ServiceNow (NOW) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $11.94 million worth of transactions were on upticks, whereas, the downticks accounted for $9.19 million worth of transactions. The net money flow was a positive $2.76 million and the uptick to downtick ratio was 1.3. The net money flow into the stock was $2.24 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.24 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. ServiceNow (NOW) was trading at $65.26, down $0.07 during day. The stock slid -0.11% over the previous days close. For the week, the stock recorded -1.43% over the previous weeks close.
ServiceNow (NOW) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $102 and the lowest price target forecast is $60. The average forecast of all the analysts is $82.19 and the expected standard deviation is $10.26. The stock has recorded a 20-day Moving Average of 8.03% and the 50-Day Moving Average is 7.98%.
ServiceNow (NYSE:NOW): The stock opened at $65.55 on Thursday but the bulls could not build on the opening and the stock topped out at $65.69 for the day. The stock traded down to $64.75 during the day, due to lack of any buying support eventually closed down at $65.01 with a loss of -0.49% for the day. The stock had closed at $65.33 on the previous day. The total traded volume was 1,304,048 shares.
ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.