ServiceNow Stock Sinks on Potential Acquisition, Downgrade

Shares of ServiceNow Inc (NYSE:NOW) are sharply lower this morning, after reports that the software name is in talks to acquire cybersecurity startup Armis for $7 billion as early as this week. A downgrade from Keybanc to "underweight" from "sector weight" is weighing on the shares as well, with the firm citing risks associated with AI. ServiceNow stock was last seen down 10.3% to trade at $776.13, gapping below former support at $800 that provided a floor in late November and early December. Today's price ...