Palo Alto Networks Unusual Options Activity For May 29
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Palo Alto Networks (NASDAQ:PANW) through unusual options activity. Analysis revealed 83% of trades were bearish, with significant put options indicating a potential price range of $240.0 to $400.0. The stock is currently trading at $307.64, down by -0.12%. Analysts have mixed ratings with a consensus target price of $365.8.
May 29, 2024 | 2:01 pm
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Palo Alto Networks has seen significant bearish options activity, with 83% of trades being puts. The stock is currently trading at $307.64, down by -0.12%. Analysts have mixed ratings with a consensus target price of $365.8.
The high percentage of bearish options trades (83%) suggests that major investors are expecting a decline in PANW's stock price. This sentiment is further supported by the current price drop and mixed analyst ratings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100