On September 2, ServiceNow fell 3.08% in pre-market trading, trading at $138.77 per share, with turnover of approximately $6.45 million. The decline follows a cumulative gain of over 12% last week, with profit-taking pressure continuing to weigh on the stock.
On the news front, the prior weekly rally was largely fueled by Salesforce's strong fiscal Q2 results — revenue of $11.35 billion and adjusted EPS of $5.90, both significantly beating expectations — which lifted the broader AI application software sector. After accumulating substantial short-term gains, selling pressure has persisted into the new week. Additionally, Chief People and AI Enablement Officer Jacqueline P. Canney disclosed the sale of 7,847 shares on August 28 at $138 per share, realizing approximately $1.08 million, executed under a pre-arranged Rule 10b5-1 trading plan. The executive sale further dampened market sentiment.
Within the Systems Software sector, the overall tone remained weak. Among peers, Microsoft fell 0.86%, Oracle fell 1.89%, Palo Alto Networks fell 3.01%, CrowdStrike Holdings fell 1.59%, and NEBIUS fell 3.06%.
(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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