ServiceNow Inc. stock rises Wednesday, still underperforms market

ServiceNow Inc. stock rises Wednesday, still underperforms market

Shares of ServiceNow Inc. NOW, +0.33% inched 0.33% higher to $567.13 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.82% rising 0.82% to 4,358.69 and the Dow Jones Industrial Average DJIA, +0.83% rising 0.83% to 34,798.00. This was the stock’s second consecutive day of gains. ServiceNow Inc. closed $31.24 below its 52-week high ($598.37), which the company achieved on February 8th.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +0.74% rose 0.74% to $281.40, Qualcomm Inc. QCOM, +1.88% rose 1.88% to $142.17, and International Business Machines Corp. IBM, +0.95% rose 0.95% to $141.30. Trading volume (752,427) remained 585,285 below its 50-day average volume of 1.3 M.

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