ServiceNow CEO steps up with $3 million stock purchase announcement as executives cancel stock-selling plans

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ServiceNow’s CEO, Bill McDermott, announced a $3 million stock purchase, and several executives, including the CFO, canceled their 10b5-1 trading plans to restore confidence in the company’s stock. Shares saw a brief jump in early trading. This move comes after the software company’s stock struggled despite positive earnings, with investors concerned about AI’s potential disruption and recent acquisitions.

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