Palo Alto Networks Inc’s recent filing unveils that its EVP, Chief Product Officer Klarich Lee unloaded Company’s shares for reported $21.64 million on Nov 04 ’24. In the deal valued at $360.65 per share,60,000 shares were sold. As a result of this transaction, Klarich Lee now holds 182,928 shares worth roughly $70.13 million.
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Then, Paul Josh D. sold 200 shares, generating $71,806 in total proceeds. Upon selling the shares at $359.03, the Chief Accounting Officer now owns 26,220 shares.
Before that, Lee Klarich bought 60,000 shares. Palo Alto Networks Inc shares valued at $21,667,200 were divested by the Officer at a price of $361.12 per share.
HSBC Securities downgraded its Palo Alto Networks Inc [PANW] rating to a Reduce from a a Hold in a research note published on November 22, 2024; the price target was decreased to $291 from $304. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. Wells Fargo also remained covering PANW and reiterated its “an Overweight” recommendation on November 21, 2024. Susquehanna maintained its rating on November 21, 2024. It rated PANW as “a Positive”.
Price Performance Review of PANW
On Friday, Palo Alto Networks Inc [NASDAQ:PANW] saw its stock fall -3.61% to $383.36. Over the last five days, the stock has lost -0.94%. Palo Alto Networks Inc shares have risen nearly 30.01% since the year began. Nevertheless, the stocks have risen 45.69% over the past one year. While a 52-week high of $408.53 was reached on 11/13/24, a 52-week low of $260.09 was recorded on 02/21/24. SMA at 50 days reached $364.33, while 200 days put it at $326.21.
Levels Of Support And Resistance For PANW Stock
The 24-hour chart illustrates a support level at 374.37, which if violated will result in even more drops to 365.38. On the upside, there is a resistance level at 393.18. A further resistance level may holdings at 403.00. The Relative Strength Index (RSI) on the 14-day chart is 52.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.33%. Stochastics %K at 65.09% 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 2024-10-31, growing by 0.67 million shares to a total of 10.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.61 million shares. There was a rise of 6.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 21, 2024 when Robert W. Baird resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $435.
