Large Outflow of Money Witnessed in ServiceNow

ServiceNow (NOW) : Money flow in the ServiceNow (NOW) stock was negative (14.49 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $26.9 million, compared to $41.39 million on downticks. The total uptick to downtick ratio was 0.65, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($15.34 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.43 million. Downtick transaction value in block trades amounted to $17.77 million, indicating persistent selling. The uptick to downtick ratio was 0.14. ServiceNow (NOW) traded $0.73 higher at $79.77 gaining 0.92% over the previous days close.


Shares of ServiceNow, Inc. rose by 3.76% in the last five trading days and 8.69% for the last 4 weeks. ServiceNow, Inc. is up 20.06% in the last 3-month period. Year-to-Date the stock performance stands at -7.84%.

ServiceNow (NOW) : 18 brokerage houses believe that ServiceNow (NOW) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ServiceNow (NOW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 22 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.36.

ServiceNow (NYSE:NOW): The stock opened at $79.09 and touched an intraday high of $80.31 on Wednesday. During the day, the stock corrected to an intraday low of $79.09, however, the bulls stepped in and pushed the price higher to close in the green at $79.77 with a gain of 0.92% for the day. The total traded volume for the day was 1,892,963. The stock had closed at $79.04 in the previous trading session.

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.

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