Palo Alto Networks Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Palo Alto Networks (NASDAQ:PANW), with a bearish stance being taken by a 'whale' investor. Of the 15 unusual trades detected, 46% were bullish and 53% were bearish. The trades included 2 puts amounting to $57,755 and 13 calls amounting to $920,131. The price target range for the company over the last 3 months has been $260.0 to $340.0. Keybanc, HSBC, and Citigroup have maintained their ratings on Palo Alto Networks with price targets of $315, $242, and $285 respectively.
October 16, 2023 | 3:31 pm
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Unusual options activity has been detected for Palo Alto Networks, with a bearish stance being taken by a 'whale' investor. The price target range for the company over the last 3 months has been $260.0 to $340.0.
The bearish stance taken by a 'whale' investor indicates a potential downward pressure on the stock price. The price target range of $260.0 to $340.0 suggests a wide range of possibilities for the stock's movement. The ratings maintained by Keybanc, HSBC, and Citigroup also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100