ServiceNow (NOW) Stock: Armis Deal Rumors Trigger Sharp Selloff as Analysts Split Ahead of 5-for-1 Stock Split
ServiceNow shares fell 11.5% to $765.20 after reports the company is in advanced talks to acquire cybersecurity firm Armis for up to $7 billion. The drop followed a KeyBanc downgrade and comes as ServiceNow prepares for a 5-for-1 stock split, with today as the record date.