Large Inflow of Money Detected in ServiceNow

ServiceNow (NOW): $11.61 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.65. The value of trades done on upticks was $29.49 million, whereas, trades done on downticks were valued at $17.88 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $16.97 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $4.87 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.48 was strongly in favor of the bulls. The money flow in block trades was $12.09 million. ServiceNow (NOW) fell $0.32 traded at $75.77, a change of -0.42% over the previous day. The stock is -0.08% for the week.


Shares of ServiceNow, Inc. rose by 2.4% in the last five trading days and 8.05% for the last 4 weeks. ServiceNow, Inc. is up 9.16% in the last 3-month period. Year-to-Date the stock performance stands at -11.34%.

ServiceNow (NYSE:NOW): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.84 and $75.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.74, notching a gain of 1.28% for the day. The total traded volume was 861,619 . The stock had closed at $75.77 on the previous day.

In a related news,The director officer (PRESIDENT & CEO) of Servicenow, Inc., Slootman Frank sold 150,000 shares at $75.01 on August 9, 2016. The Insider selling transaction had a total value worth of $11,251,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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