Shares of ServiceNow (NOW) Sees Large Outflow of Money

ServiceNow (NOW) : The total money flow in ServiceNow (NOW) was negative ($2.79 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $10.74 million. Transactions on upticks were comparatively lower at $7.95 million. The uptick to downtick ratio was 0.74. The total block trades on downticks were valued at $1.84 million. The money flow during block trades was negative ($1.84 million) when the stock traded with a gain of $2 cent. ServiceNow (NOW) was $73.41, an increase of 0.02% over the previous days close.


Also, Brokerage firm Pacific Crest maintains its rating on ServiceNow (NYSE:NOW). As per the latest information, the brokerage house raises the price target to $80 per share from a prior target of $75. The shares have been rated Overweight. The rating by the firm was issued on July 28, 2016.

Shares of ServiceNow, Inc. appreciated by 1.13% during the last five trading days but lost 2.17% on a 4-week basis. ServiceNow, Inc. is up 0.37% in the last 3-month period. Year-to-Date the stock performance stands at -15.16%.

ServiceNow (NYSE:NOW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.30 and $73.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.44, notching a gain of 0.07% for the day. The total traded volume was 876,132 . The stock had closed at $73.39 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Schneider David, officer (Chief Revenue Officer) of Servicenow, Inc., had unloaded 2,803 shares at an average price of $75.53 in a transaction dated on August 12, 2016. The total value of the transaction was worth $211,711.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.