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Shares of ServiceNow Inc. NOW shed 8.13% to $428.08 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 3.25% to 3,666.77 and Dow Jones Industrial Average DJIA falling 2.42% to 29,927.07. The stock's fall snapped a two-day winning streak. ServiceNow Inc. closed $279.52 below its 52-week high ($707.60), which the company reached on November 4th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. MSFT fell 2.70% to $244.97, Qualcomm Inc. QCOM fell 7.79% to $120.82, and International Business Machines Corp. IBM fell 1.01% to $135.67. Trading volume (3.0 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 16, 2022.
(END) Dow Jones Newswires
June 16, 2022 17:11 ET (21:11 GMT)
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