ServiceNow (NYSE:NOW) has tumbled 2.65% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.96% in the last four weeks. The stocks have underperformed the S&P 500 by 1.48% during the past week but ServiceNow (NYSE:NOW) it has outperformed the index in 4 weeks by 2.02%.
ServiceNow (NYSE:NOW): The stock opened at $73.27 on Friday but the bulls could not build on the opening and the stock topped out at $74.53 for the day. The stock traded down to $71.62 during the day, due to lack of any buying support eventually closed down at $72.07 with a loss of -2.19% for the day. The stock had closed at $73.68 on the previous day. The total traded volume was 1,774,359 shares.
The company shares have dropped -10.27% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $91.28 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $71.26 and the 200 Day Moving Average price is recorded at $69.53.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Luddy Frederic B, director officer (CHIEF PRODUCT OFFICER) of Servicenow, Inc., had unloaded 195,000 shares at an average price of $75.86 in a transaction dated on June 7, 2016. The total value of the transaction was worth $14,792,700.
Many analysts have stated their opinion on the company shares. Oppenheimer initiates coverage on ServiceNow (NYSE:NOW). The rating major has initiated the coverage with perform rating on the shares. The rating by the firm was issued on June 17, 2016. Currently 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 -44.09% . Institutional Investors own 99.47% of ServiceNow shares. During last six month period, the net percent change held by insiders has seen a change of -60.18%.
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.