ServiceNow (NOW) has risen sharply, recording gains of 6.69% in the past 4 weeks. However, the stock has corrected -0.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.93% and the 50-Day Moving Average is 5.28%. ServiceNow (NYSE:NOW): On Fridays trading session , Opening price of the stock was $75.53 with an intraday high of $75.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $74.96. However, the stock managed to close at $75.77, a loss of 0.42% for the day. On the previous day, the stock had closed at $76.09. The total traded volume of the day was 1,079,568 shares.
The company Insiders own 5.9% of ServiceNow shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -49.52% . Institutional Investors own 99.01% of ServiceNow shares. During last six month period, the net percent change held by insiders has seen a change of -78.15%. Also, Pacific Crest maintains its view on ServiceNow (NYSE:NOW) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Pacific Crest raises the price target from $75 per share to $80 per share on ServiceNow . The rating by the firm was issued on July 28, 2016.
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.