ServiceNow (NOW) CEO McDermott Bought $3 Million Worth Company Shares, Here’s What You Need to Know

​ServiceNow, Inc. (NYSE:NOW) is one of the Best Dip Stocks to Buy According to Hedge Funds. On February 17, Barron’s reported that ServiceNow, Inc.’s (NYSE:NOW) CEO William “Bill” McDermott bought $3 million worth of company shares on the open market. ​This move comes as the “SaaSpocalypse” narrative has overtaken Wall Street and has dragged the sector down by more than 22% since the start of 2026. In addition to the share purchase, the report also highlighted that other executives at ServiceNow also canc ...