This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A large bearish position on Palo Alto Networks (NASDAQ:PANW) has been observed, with 55% of big-money traders being bearish and 44% bullish. Whales have been targeting a price range of $170 to $280 for PANW over the last 3 months. The stock is currently up 3.14% at $246.41, with RSI indicators suggesting it may be overbought.
June 22, 2023 | 3:47 pm
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A large bearish position has been observed for Palo Alto Networks (NASDAQ:PANW), with 55% of big-money traders being bearish. The stock is currently up 3.14% at $246.41, and RSI indicators suggest it may be overbought.
The large bearish position observed in the options market suggests that some big-money traders expect the stock price to decline. Additionally, the RSI indicators hint that the stock may be overbought, which could lead to a short-term price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100