ServiceNow Shares Soar 2.79% on GSA Contract, $1.53 Billion Volume Ranks 50th in Market Activity

, 2025, , ranking 50th in market activity. The rally followed a major contract with the U.S. General Services Administration (GSA) under the "OneGov" initiative, . , expanding ServiceNow’s federal market presence.

Analysts reinforced their bullish stance, , . Stifel also reiterated a "Buy" recommendation, noting improved federal business performance in Q2, . The stock’s recent momentum aligns with strong demand for AI-integrated solutions in public sector digital transformation.

Truist highlighted ServiceNow’s strategic shift toward consumption-based pricing models to mitigate potential AI-driven headwinds on seat-based growth. While the company acknowledged long-term hiring adjustments due to automation, its current execution—bolstered by the GSA deal and robust cash flows—addresses investor concerns. ServiceNow’s expansion into AI skills training, such as a Brazil-based program with SENAI-SP, further underscores its commitment to aligning with emerging tech trends.

The backtesting analysis outlined a hypothetical daily rotation strategy: purchasing the 500 highest-volume U.S. stocks each session and liquidating the next day. However, the methodology requires cross-sectional data processing beyond single-ticker tools, necessitating custom scripting for accurate execution. The framework emphasizes volume-driven momentum but remains untested for this specific basket of stocks.