Movement Alert|ServiceNow Falls 3.06% in Regular Trading, Profit-Taking Continues as Sector Heavyweight Microsoft Weighs on Sentiment

Market Focus
Jun 18

On June 18, ServiceNow fell 3.06% in regular trading, trading at $98.195/share, with turnover of $1.869 billion.

The decline represents a continuation of profit-taking following the stock's sharp rally earlier this month. ServiceNow had surged over 11% in a single session after raising its Now Assist full-year revenue target from $1 billion to $1.5 billion at the JP Morgan investment conference, and has since entered a sustained pullback phase. Although news of an expanded strategic partnership with IBM — integrating AI, data governance, and automation capabilities with the ServiceNow AI platform — briefly stabilized the stock, the overall correction trend has persisted.

Meanwhile, sector heavyweight Microsoft declined 2.99% during the same session, adding further selling pressure across the Systems Software space and exacerbating short-term downside momentum for ServiceNow.

(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.)

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