Decoding Palo Alto Networks's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Palo Alto Networks (NASDAQ:PANW) with 61% of recent options trades being puts. The price range targeted is $280.0 to $320.0. Analysts have mixed ratings, with price targets ranging from $285 to $380.
June 05, 2024 | 2:31 pm
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Whales have taken a bearish stance on Palo Alto Networks with 61% of recent options trades being puts. The price range targeted is $280.0 to $320.0. Analysts have mixed ratings, with price targets ranging from $285 to $380.
The majority of recent options trades are bearish, indicating that large investors expect the stock to decline. Additionally, mixed analyst ratings and a wide range of price targets suggest uncertainty about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100