Tiger Brokers

ServiceNow Inc. Stock Sheds 5.1%, Underperforms Peers

Dow Jones
Aug 18

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of ServiceNow Inc. slid 5.1% to $117.70 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,745.06 and Dow Jones Industrial Average falling 0.5% to 53,459.78.

This was the stock's second consecutive day of losses.

ServiceNow Inc. closed 39.6% short of its 52-week high of $194.73, which the company achieved on September 24th.

The stock underperformed when compared to some of its peers, as Salesforce Inc. fell 2.7% to $190.97, Oracle Corp. fell 2.6% to $146.65, and Synopsys Inc. fell 1.96% to $413.22.

Trading volume totaled 19.8 million, compared to the 50-day average of 23.8 million.

Data source: Dow Jones Market Data, FactSet

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