Market Whales and Their Recent Bets on PANW Options
Portfolio Pulse from Benzinga Insights
Market whales have taken a bullish stance on Palo Alto Networks (NASDAQ:PANW), with 11 uncommon options trades spotted by Benzinga's options scanner. The sentiment is split between 54% bullish and 27% bearish. The price range eyed by these traders is between $200 and $345. PANW is currently trading at $320.37, down by 1.19%, with an RSI suggesting it may be approaching oversold. Analysts have mixed ratings with target prices ranging from $325 to $380.
July 25, 2024 | 2:18 pm
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Market whales have shown a bullish stance on Palo Alto Networks (PANW) with 11 uncommon options trades. The sentiment is 54% bullish and 27% bearish. The price range eyed is between $200 and $345. PANW is currently trading at $320.37, down by 1.19%, with an RSI suggesting it may be approaching oversold. Analysts have mixed ratings with target prices ranging from $325 to $380.
The significant volume of bullish options trades indicates strong interest from large investors, which could drive the stock price up in the short term. The mixed analyst ratings provide a range of potential price targets, but the overall sentiment leans positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100