Palo Alto Networks Inc’s recent filing unveils that its Officer Nikesh Arora acquired Company’s shares for reported $30.14 million on Oct 10 ’24. In the deal valued at $369.40 per share,81,586 shares were bought.
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Then, Lee Klarich bought 60,000 shares, generating $20,541,600 in total proceeds.
Before that, ZUK NIR sold 36,000 shares. Palo Alto Networks Inc shares valued at $11,969,839 were divested by the EVP, Chief Technology Officer at a price of $332.50 per share. As a result of the transaction, ZUK NIR now holds 1,115,567 shares, worth roughly $416.33 million.
Exane BNP Paribas initiated its Palo Alto Networks Inc [PANW] rating to an Outperform in a research note published on October 08, 2024; the price target was $410. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. DA Davidson began covering PANW with “Buy” recommendation on June 21, 2024. Daiwa Securities started covering the stock on May 29, 2024. It rated PANW as “an Outperform”.
Price Performance Review of PANW
On Friday, Palo Alto Networks Inc [NASDAQ:PANW] saw its stock jump 1.03% to $373.20. Over the last five days, the stock has gained 9.01%. Palo Alto Networks Inc shares have risen nearly 26.56% since the year began. Nevertheless, the stocks have risen 43.98% over the past one year. While a 52-week high of $380.84 was reached on 02/09/24, a 52-week low of $233.81 was recorded on 02/21/24. SMA at 50 days reached $341.06, while 200 days put it at $318.31.
Levels Of Support And Resistance For PANW Stock
The 24-hour chart illustrates a support level at 368.66, which if violated will result in even more drops to 364.11. On the upside, there is a resistance level at 378.04. A further resistance level may holdings at 382.87. The Relative Strength Index (RSI) on the 14-day chart is 67.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 22.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.24%. Stochastics %K at 95.62% indicates the stock is a selling.
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 2024-09-30, dropping by -1.18 million shares to a total of 9.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.79 million shares. There was a decline of -12.29%, which implies that there is a negative sentiment for the stock.
