On June 12, ServiceNow fell 3.05% in regular trading, trading at $98.935/share, with turnover of $299 million. The stock has now entered a sustained pullback phase following its sharp single-day rally of over 11% after the company raised its Now Assist full-year revenue target from $10 billion to $15 billion at the JP Morgan investment conference.

The ongoing decline reflects persistent profit-taking pressure compounded by bearish positioning in the options market, where a synthetic short position valued at approximately $4.44 million has signaled elevated short sentiment. Additionally, the planned acquisition of Armis is expected to weigh on full-year operating margins and free cash flow margins. Broader concerns about AI disrupting traditional software models and weak non-AI software spending have added further headwinds to high-valuation growth names.

Within the Systems Software sector, the overall tone remained weak. Among peer stocks, Microsoft fell 1.57%, Palo Alto Networks dropped 2.0%, CrowdStrike declined 0.72%, and Oracle lost 0.55%, while NEBIUS gained 2.48%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)