Movement Alert|ServiceNow Falls 3.93% in Regular Trading, Profit-Taking Continues as Systems Software Sector Weakens

Market Focus
Jun 25

On June 25, ServiceNow fell 3.93% in regular trading, trading at $90.26/share, with turnover of $4.95 billion. The decline represents a continuation of profit-taking following a sharp rally earlier this month.

ServiceNow had previously 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 investor conference. However, the stock has since entered a sustained pullback, with cumulative losses exceeding 24% throughout June.

Compounding the pressure, the systems software sector broadly weakened, with Microsoft down 2.1%, Oracle down 3.7%, and NEBIUS down 0.25%. The broad-based decline among sector heavyweights intensified selling pressure on ServiceNow. Meanwhile, HCL Technologies announced an expanded partnership with Google Cloud and ServiceNow to deploy AI agents on the Gemini Enterprise platform, though this positive development was insufficient to offset the prevailing downward momentum.

(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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