Looking At Palo Alto Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 83% bullish and 16% bearish. The price target for PANW, based on the volume and open interest of these contracts, is between $230 and $240. BTIG and Citigroup have maintained their Buy ratings on PANW, with price targets of $292 and $285 respectively, while WestPark Capital has downgraded its action to Buy with a price target of $340.
September 25, 2023 | 4:39 pm
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Unusual options activity has been observed for Palo Alto Networks, indicating a bullish stance by a large investor or institution. The price target for PANW, based on the volume and open interest of these contracts, is between $230 and $240.
The unusual options activity, which is typically a sign of large investors or institutions taking a position, indicates a bullish stance on PANW. This could potentially drive the stock price up in the short term. The price targets set by BTIG and Citigroup further support this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100