ServiceNow Shares Plunge 3.03% on Guggenheim Sell Rating

ServiceNow(NOW) shares fell 3.03% today, marking the fifth consecutive day of decline, with a total drop of 10.14% over the past five days. The share price hit its lowest level since April 2025, with an intraday decline of 3.50%.

The strategy of buying NOW shares after they reach a recent low and selling after holding for one week resulted in no returns over the past five years. The strategy had a CAGR of 0.00% and an excess return of 100.00%, with a maximum drawdown of 0.00% and volatility of 0.00%, indicating it failed to generate any returns or provide risk-adjusted benefits.

Guggenheim's recent reiteration of a "Sell" rating on ServiceNow has contributed to the negative sentiment surrounding the company. The firm expressed skepticism about ServiceNow's near-term valuation and growth prospects, which has likely influenced investor decisions and led to the recent decline in the stock price.