ServiceNow (NOW) : Traders are bullish on ServiceNow (NOW) as it has outperformed the S&P 500 by a wide margin of 9.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.1% in the last 1 week, and is up 13.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7% and the 50-Day Moving Average is 5.31%. ServiceNow, Inc. is up 4.81% in the last 3-month period. Year-to-Date the stock performance stands at -13.45%.
ServiceNow (NYSE:NOW): On Fridays trading session , Opening price of the stock was $75.9 with an intraday high of $75.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $73.44. However, the stock managed to close at $74.92, a loss of 1.91% for the day. On the previous day, the stock had closed at $76.38. The total traded volume of the day was 2,495,854 shares.
Also, In a research note released to the investors, Pacific Crest maintains its rating on ServiceNow (NYSE:NOW).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Pacific Crest raises the new price target from $75 per share to $80 per share. 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.