Palo Alto Networks Inc’s recent filing unveils that its Officer Lee Klarich acquired Company’s shares for reported $20.54 million on Oct 04 ’24. In the deal valued at $342.36 per share,60,000 shares were bought.
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Then, ZUK NIR sold 36,000 shares, generating $11,969,839 in total proceeds. Upon selling the shares at $332.50, the EVP, Chief Technology Officer now owns 1,115,567 shares.
Before that, Nir Zuk bought 108,000 shares. Palo Alto Networks Inc shares valued at $35,563,320 were divested by the Affiliate at a price of $329.29 per share.
Redburn Atlantic downgraded its Palo Alto Networks Inc [PANW] rating to a Neutral from a a Buy in a research note published on July 18, 2024; the price target was decreased to $325 from $350. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Daiwa Securities began covering PANW with “an Outperform” recommendation on May 29, 2024. Rosenblatt revised its rating on February 21, 2024. It rated PANW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PANW
On Friday, Palo Alto Networks Inc [NASDAQ:PANW] saw its stock jump 1.91% to $342.36. Over the last five days, the stock has gained 1.97%. Palo Alto Networks Inc shares have risen nearly 16.10% since the year began. Nevertheless, the stocks have risen 44.80% over the past one year. While a 52-week high of $380.84 was reached on 02/09/24, a 52-week low of $233.35 was recorded on 02/21/24. SMA at 50 days reached $337.22, while 200 days put it at $316.85.
Levels Of Support And Resistance For PANW Stock
The 24-hour chart illustrates a support level at 337.65, which if violated will result in even more drops to 332.93. On the upside, there is a resistance level at 345.02. A further resistance level may holdings at 347.67. The Relative Strength Index (RSI) on the 14-day chart is 52.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.34%. Stochastics %K at 41.39% indicates the stock is a holding.
How much short interest is there in Palo Alto Networks Inc?
A steep rise in short interest was recorded in Palo Alto Networks Inc stocks on 2024-09-13, dropping by -1.28 million shares to a total of 10.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.73 million shares. There was a decline of -12.27%, which implies that there is a negative sentiment for the stock.
