SERVICENOW STOCK SLIDES AFTER CEO’S ECONOMIC MOOD COMMENTS.
$ServiceNow(NOW.US$
Investors drove ServiceNow’s share prices down 14 percent Tuesday after CEO Bill McDermott told CNBC’s Jim Cramer there are some major macroeconomic headwinds despite his comments said that tech firms are in position to grow as enterprises use technology to fight those headwinds.
Investors drove ServiceNow’s share prices down 14 percent Tuesday after CEO Bill McDermott told CNBC’s Jim Cramer there are some major macroeconomic headwinds despite his comments said that tech firms are in position to grow as enterprises use technology to fight those headwinds.
ServiceNow’s stock price Tuesday fell about 14 percent before recovering a bit in after-hours trading after cautious comments CEO Bill McDermott made on CNBC about the economy.
This was despite the optimistic comments McDermott made about the tech industry where, he said, the mood is much better than business as a whole.
McDermott, speaking with CNBC’s Jim Cramer on Cramer’s “Mad Money” program, said it is important to realize that macroeconomic crosswinds are blowing strong.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
The content is carried from Twitter "Inverse Cramer ETF‘’.
1043Followers
31Following
3238Visitors
Follow