ServiceNow (NOW) Stock Slides on Armis Deal Rumors, KeyBanc Downgrade, and a Looming 5-for-1 Split
ServiceNow shares fell about 11% to $767 Monday after reports the company is in advanced talks to acquire cybersecurity startup Armis for up to $7 billion. The drop followed a KeyBanc analyst downgrade citing AI disruption risks. The selloff comes days before ServiceNow’s planned 5-for-1 stock split. ServiceNow declined to comment on the reported deal.