Shares of ServiceNow (NOW) Sees Large Inflow of Net Money Flow

ServiceNow (NOW) : Tuesdays money flow data in ServiceNow (NOW) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $18.12 million, whereas, $14.39 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.26, in favor of the bulls. The total money flow into the stock was $3.73 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.55 million. The total value of block trades done on upticks was $2.55 million. ServiceNow (NOW) fell $0.27 and traded at $68.85, down -0.39% for the day, over previous days close. On a weekly basis, the shares are 3.99% over the previous weeks close.


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 99.41% of ServiceNow shares. During last six month period, the net percent change held by insiders has seen a change of -60.18%. In an insider trading activity, Luddy Frederic B, director officer (CHIEF PRODUCT OFFICER) of Servicenow, Inc., unloaded 195,000 shares at an average price of $75.86 on June 7, 2016. The total amount of the transaction was worth $14,792,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of ServiceNow, Inc. appreciated by 7.95% during the last five trading days but lost 4.82% on a 4-week basis. ServiceNow, Inc. is up 14.11% in the last 3-month period. Year-to-Date the stock performance stands at -18.6%.

ServiceNow (NYSE:NOW): stock turned positive on Tuesday. Though the stock opened at $69.34, the bulls momentum made the stock top out at $72.33 level for the day. The stock recorded a low of $68.115 and closed the trading day at $70.46, in the green by 2.34%. The total traded volume for the day was 1,857,852. The stock had closed at $68.85 in the previous days trading.

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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