Smart Money Is Betting Big In PANW Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Palo Alto Networks (NASDAQ:PANW) through options trading, with 55% bearish and 44% bullish trades. Notable options activity includes both calls and puts with a focus on a price band between $200.0 and $370.0. The current trading volume of PANW is 1,620,902, with a slight increase of 0.18% in its price, reaching $269.5. Analysts have set an average price target of $340.0, with mixed revisions from Stifel and Redburn Atlantic.
April 08, 2024 | 4:46 pm
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Palo Alto Networks shows a bearish sentiment in options trading, with a current slight price increase to $269.5 and an average analyst price target of $340.
The bearish sentiment in options trading suggests caution among investors, but the slight price increase and the optimistic analyst price targets indicate a mixed outlook. The high relevance is due to the direct mention and detailed trading activity. The importance is high as options trading sentiment and analyst ratings can influence short-term price movements. Confidence is based on the detailed options trading data and analyst opinions provided.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100