ServiceNow Inc’s stock (NYSE: NOW) declined 11% in the last twenty-one trading days. In comparison, the broader S&P500 index declined by 5.5% over the same period. ServiceNow, which develops a cloud computing platform to help companies manage digital workflows for enterprise operations, saw its stock fall due to rising interest rates which could lead to a fall in sales volume. The stock recovered by 11% in the last five trading days after its FY 2021 results. Total revenue grew by 30% for the year to $5.9 billion. So, is NOW stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 66% chance of a rise in NOW stock over the next month (twenty-one trading days). See our analysis on ServiceNow‘s Stock Chance Of Rise for more details.
Five Days: NOW 11%, vs. S&P500 2.3%; Outperformed market
(3% event probability)
- ServiceNow’s stock rose 11% over a five day trading period, compared to the broader market (S&P500) which rose by 2.3%
- A change of 11% or more over five trading days has a 3% event probability, which has occurred 80 times out of 2407 in the last ten years
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Ten Days: NOW 10%, vs. S&P500 -3.2%; Outperformed market
(9% event probability)
- ServiceNow’s stock rose 10% over the last ten trading days (two weeks), compared to the broader market (S&P500) which fell by 3.2%
- A change of 10% or more over ten trading days has a 9% event probability, which has occurred 225 times out of 2402 in the last ten years
Twenty-One Days: NOW -11%, vs. S&P500 -5.5%; Underperformed market
(8% event probability)
- ServiceNow’s stock declined 11% over the last twenty-one trading days (one month), compared to the broader market (S&P500) which fell by 5.5%
- A change of -11% or more over twenty-one trading days has a 8% event probability, which has occurred 180 times out of 2391 in the last ten years
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|S&P 500 Return||0%||-5%||102%|
|Trefis MS Portfolio Return||-4%||-13%||241%|
 Month-to-date and year-to-date as of 2/1/2022
 Cumulative total returns since the end of 2016