Movement Alert|ServiceNow Falls 3.3% in After-Hours Trading, Continued Profit-Taking After JP Morgan Rally Combined with Sector Pressure

Market Focus06-04

On June 4, ServiceNow fell 3.3% in after-hours trading, trading at approximately $114.01/share, with trading volume of $85.24 million. The decline represents a continuation of profit-taking following the stock's sharp rally earlier this period.

On the news front, ServiceNow had previously surged over 11% in a single session after raising its Now Assist full-year revenue target from $1 billion to $1.5 billion at the JP Morgan investor conference. The stock has since pulled back over multiple consecutive sessions. Additionally, a notable $4.435 million synthetic short position appeared in the options market over recent days, equivalent to shorting the underlying stock, with overall options flow skewing bearish — approximately $5.39 million in bearish strategies versus $2.69 million in bullish strategies.

The broader Systems Software sector also weighed on sentiment, with CrowdStrike falling 10.78%, Oracle down 4.69%, and Palo Alto Networks declining 2.66%, amplifying short-term selling pressure across the group.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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