Palo Alto Networks Unusual Options Activity For June 27
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a roughly equal split between bullish and bearish expectations. The trades include 5 puts worth $257,345 and 33 calls worth $2,390,552. The targeted price range for the company over the last 3 months is between $200 and $330. The company's stock price is currently up 3.3% at $251.84. Analysts from BTIG, JP Morgan, and Morgan Stanley maintain a positive outlook on the company, while Mizuho has downgraded its rating to Buy with a price target of $230.
June 27, 2023 | 4:32 pm
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Palo Alto Networks has seen significant unusual options activity, with a split between bullish and bearish expectations. The stock price is currently up 3.3% at $251.84, with a targeted price range of $200-$330.
The unusual options activity indicates a high level of interest in the company's stock, which could lead to increased volatility. The equal split between bullish and bearish expectations suggests uncertainty about the company's future performance. The current stock price is within the targeted price range, indicating that the market's valuation of the company is in line with these expectations. The analyst ratings are mostly positive, which could provide some support for the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100