Why Shares of ServiceNow Jumped 14% in November
Shares of ServiceNow (NYSE: NOW) climbed 14.5% in November, according to data provided by S&P Global Market Intelligence, as investors celebrated the stock's move to a major index. The cloud computing company also benefited from acting quickly to firm up its leadership structure.
ServiceNow, a provider of cloud-based services that automate workflow and business processes, was dealt a blow in October when CEO John Donahoe accepted an offer to take the top job at Nike. ServiceNow quickly named Bill McDermott, the former CEO of SAP, as Donahoe's replacement but said Donahoe would remain until year's end to ensure a smooth transition.
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Source Fool.com
