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On July 8, 2024, Guggenheim downgraded ServiceNow to Sell from Neutral, opining that the Company's apparent expectations with respect to generative artificial intelligence business in the second half of 2024 were overly optimistic and that ServiceNow was overpriced relative to the future risks that the Company faces. Following this news, ServiceNow's stock price dropped over 5% on July 8, 2024.
In order to be eligible to join the NOW class action lawsuit, you must have incurred a loss on shares of ServiceNow purchased during the class period listed above.
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