Palo Alto Networks Inc’s recent filing unveils that its Officer JOSHUA D PAUL acquired Company’s shares for reported $71806.0 on Nov 01 ’24. In the deal valued at $359.03 per share,200 shares were bought.
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Then, Arora Nikesh sold 81,586 shares, generating $30,022,832 in total proceeds. Upon selling the shares at $367.99, the Chief Executive Officer now owns 618,715 shares.
Before that, Nikesh Arora bought 81,586 shares. Palo Alto Networks Inc shares valued at $30,137,868 were divested by the Officer at a price of $369.40 per share.
A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Redburn Atlantic also remained covering PANW and has decreased its forecast on July 18, 2024 with a “Neutral” recommendation from previously “Buy” rating. DA Davidson started covering the stock on June 21, 2024. It rated PANW as “a Buy”.
Price Performance Review of PANW
On Friday, Palo Alto Networks Inc [NASDAQ:PANW] saw its stock jump 0.64% to $362.64. Over the last five days, the stock has lost -1.04%. Palo Alto Networks Inc shares have risen nearly 22.98% since the year began. Nevertheless, the stocks have risen 48.10% over the past one year. While a 52-week high of $384.00 was reached on 10/21/24, a 52-week low of $233.81 was recorded on 02/21/24. SMA at 50 days reached $352.45, while 200 days put it at $323.03.
Levels Of Support And Resistance For PANW Stock
The 24-hour chart illustrates a support level at 357.90, which if violated will result in even more drops to 353.17. On the upside, there is a resistance level at 366.57. A further resistance level may holdings at 370.51. The Relative Strength Index (RSI) on the 14-day chart is 52.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.41%. Stochastics %K at 12.77% indicates the stock is a buying.
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 2024-10-15, dropping by -1.33 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.45 million shares. There was a decline of -14.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 29, 2024 when Daiwa Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $350 price target.
