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ServiceNow stock rises after executives cancel share sales, CEO plans purchase By Investing.com
ServiceNow Inc. (NYSE:NOW) stock rose 4% after several top executives, including the CEO, cancelled their planned share sales under Rule 10b5-1 trading plans. Adding to investor confidence, CEO William R. McDermott announced plans to purchase $3 million worth of ServiceNow shares on February 27, 2026. This combined action of cancelled sales and a significant purchase by the CEO boosted investor sentiment.