This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Palo Alto Networks (NASDAQ:PANW) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $225.0 to $280.0 for Palo Alto Networks over the last 3 months. The price of PANW is currently down -1.82% at $241.34. Several financial institutions have maintained their Buy or Outperform ratings on PANW, with price targets ranging from $250 to $290.
September 15, 2023 | 3:02 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Palo Alto Networks, with big-money traders sentiment being more bearish than bullish. Despite the current price drop, several financial institutions maintain positive ratings on PANW.
The bearish stance taken by a large investor and the overall bearish sentiment among big-money traders could negatively impact PANW's stock price in the short term. However, the maintained positive ratings from several financial institutions suggest a potential recovery or stability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100