Looking At Palo Alto Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Palo Alto Networks (NASDAQ:PANW), with 70% of recent trades being bearish. The price target for the company's stock has been set between $70.0 and $320.0. The current price of PANW is down by 1.37% at $239.76. Keybanc maintains an Overweight rating on Palo Alto Networks with a price target of $315, while HSBC has downgraded its action to Hold with a price target of $242.
October 23, 2023 | 2:01 pm
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Palo Alto Networks has seen a bearish stance from a major investor, with 70% of recent trades being bearish. The stock's price target has been set between $70.0 and $320.0. The current price is down by 1.37% at $239.76.
The bearish stance taken by a major investor, along with the fact that 70% of recent trades have been bearish, indicates a potential downward trend for Palo Alto Networks. This, combined with the current price decrease, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100