Palo Alto Networks Inc’s recently made public that its Officer Nikesh Arora acquired Company’s shares for reported $43.15 million on Jan 03 ’25. In the deal valued at $183.25 per share,235,492 shares were bought.
Then, Nikesh Arora bought 376,670 shares, generating $68,079,336 in total proceeds.
Before that, JOSHUA D PAUL bought 3,700 shares. Palo Alto Networks Inc shares valued at $673,252 were divested by the Officer at a price of $181.96 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 jump 1.39% to $183.25. Over the last five days, the stock has lost -2.79%. Palo Alto Networks Inc shares have risen nearly 0.71% since the year began. Nevertheless, the stocks have risen 27.94% over the past one year. While a 52-week high of $207.24 was reached on 01/03/25, a 52-week low of $130.04 was recorded on 01/02/25. SMA at 50 days reached $191.43, while 200 days put it at $168.23.
Levels Of Support And Resistance For PANW Stock
The 24-hour chart illustrates a support level at 180.84, which if violated will result in even more drops to 178.43. On the upside, there is a resistance level at 185.23. A further resistance level may holdings at 187.21. The Relative Strength Index (RSI) on the 14-day chart is 40.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.41%. Stochastics %K at 8.35% 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 2024-10-31, 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.
