Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Palo Alto Networks Inc shares valued at $2,400,952 were sold by McCarthy Mary Pat on Dec 12 ’24. At $400.16 per share, McCarthy Mary Pat sold 6,000 shares. The insider’s holdings dropped to 26,495 shares worth approximately $4.82 million following the completion of this transaction.
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Also, MARY PAT MCCARTHY purchased 6,000 shares, netting a total of over 2,390,520 in proceeds.
Before that, Eschenbach Carl M. had sold 9,000 shares from its account. In a trade valued at $3,648,465, the Director traded Palo Alto Networks Inc shares for $405.38 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $1.68 million.
As published in a research note from HSBC Securities on November 22, 2024, Palo Alto Networks Inc [PANW] has been rated down from a Hold to a Reduce and the price target has been revised to $291 from $304. Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of November 21, 2024, Wells Fargo has reiterated its “an Overweight” rating for PANW. Earlier on November 21, 2024, Susquehanna resumed its rating. Their recommendation was “a Positive” for PANW stock.
Analyzing PANW Stock Performance
During the last five days, there has been a drop of approximately -3.33%. Over the course of the year, Palo Alto Networks Inc shares have jumped approximately 23.41%. Shares of the company reached a 52-week high of $207.24 on 12/17/24 and a 52-week low of $130.04 on 02/21/24. A 50-day SMA is recorded $191.70, while a 200-day SMA reached $167.83. Nevertheless, trading volume fell to 3.27 million shares from 2.9 million shares the previous day.
Support And Resistance Levels for Palo Alto Networks Inc (PANW)
According to the 24-hour chart, there is a support level at 180.21, which, if violated, would cause prices to drop to 178.46. In the upper region, resistance lies at 184.76. The next price resistance is at 187.56. RSI (Relative Strength Index) is 37.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.54, which suggests the price will decrease in the coming days. Percent R is at 97.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
