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ServiceNow Trading Volume Drops 30.15% to $10.20 Billion, Ranks 85th in Daily Volume

Market BriefThursday, May 15, 2025 7:58 pm ET

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On May 15, 2025, ServiceNow (NOW) closed at $10.20 billion in trading volume, marking a 30.15% decrease from the previous day. This placed ServiceNow at the 85th position in terms of trading volume for the day. The stock price of ServiceNow increased by 0.81%.

ServiceNow recently announced significant changes in its executive leadership. Erica Volini, Executive Vice President, and Ulrik Nehammer, chairman of the international business, have confirmed their departures. This reshuffle has led to the exit of top sales leaders, which could impact the company's sales strategies and market positioning.

BMO Capital Markets has raised its price target for ServiceNow from $1025.00 to $1150.00, maintaining an "outperform" rating. This adjustment reflects a positive outlook on the company's future performance and potential for growth.

Renaissance Technologies has made a notable investment in ServiceNow, acquiring 272,301 shares. This investment, valued at $216.79 million, represents 0.33% of the portfolio, indicating a strong confidence in the company's prospects.

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