Looking At Palo Alto Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 55% bullish and 45% bearish. The price target for PANW, based on volume and open interest, ranges from $180 to $260. Several financial institutions, including Oppenheimer, JP Morgan, Morgan Stanley, RBC Capital, and BTIG, have maintained positive ratings on PANW, with price targets ranging from $277 to $307.
July 18, 2023 | 5:30 pm
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Palo Alto Networks has seen unusual options activity, with a large bullish position. The sentiment among these traders is split, with a slight lean towards bullish. Several financial institutions have maintained positive ratings on PANW.
The unusual options activity, particularly the large bullish position, indicates that some investors expect the stock to rise. This, combined with the positive ratings from several financial institutions, suggests a positive short-term impact on PANW's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100