Palo Alto Networks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The price of PANW is down -3.14% at $242.38. Analysts from BTIG, Morgan Stanley, RBC Capital, JP Morgan, and Mizuho have maintained their ratings on PANW, with price targets ranging from $230 to $307.
July 12, 2023 | 2:50 pm
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Palo Alto Networks has seen unusual options activity, with a large investor taking a bearish stance. The stock price is down -3.14% at $242.38. Analysts have maintained their ratings, with price targets ranging from $230 to $307.
The unusual options activity, particularly the bearish stance taken by a large investor, could indicate a potential downward movement in the short term for PANW. This is further supported by the current decrease in the stock price. However, the maintained ratings and price targets by analysts suggest a potential recovery in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100