On November 10, ServiceNow fell 3.31% in Regular Trading, trading at $100.27/share, with turnover of $137 million.
The most relevant recent catalyst remains a series of bearish options signals following the company’s sharp post-earnings repricing. The latest disclosed flow showed nearly $76 million in directional options activity, including about $19.06 million of net premium spent on deep-in-the-money put buying and about $56.73 million of net premium collected from a dual short-put income structure. Earlier reports also highlighted long-dated downside hedging and synthetic bearish positioning around the $105 strike after the company’s late-October Q3 release, when weaker-than-expected bookings-related outlook and softer current remaining performance obligations guidance drove a historic selloff.
Analyst sentiment has also turned more cautious at the margin, with several firms lowering price targets after the results even as broader long-term ratings remained constructive.
(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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