This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Palo Alto Networks (NASDAQ:PANW), with 56% of investors opening trades with bullish expectations. Whales have been targeting a price range of $165 to $250 for PANW over the last 3 months. The stock is currently up 3.29% at $218.66, and RSI indicators suggest it may be overbought.
May 30, 2023 | 2:02 pm
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Whale investor takes bullish stance on Palo Alto Networks, targeting a price range of $165-$250. Stock currently up 3.29% at $218.66.
The bullish stance taken by a whale investor, along with the majority of investors opening trades with bullish expectations, indicates a positive short-term impact on PANW's stock price. Additionally, the targeted price range of $165-$250 suggests potential upside for the stock. However, RSI indicators hint at overbought conditions, which may limit the stock's short-term gains.
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