The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Palo Alto Networks Inc shares valued at $21,564,444 were sold by Klarich Lee on Jan 06 ’25. At $179.70 per share, Klarich Lee sold 120,000 shares. The insider’s holdings dropped to 365,856 shares worth approximately $63.23 million following the completion of this transaction.
Also, Arora Nikesh sold 376,670 shares, netting a total of over 68,193,249 in proceeds. Following the sale of shares at $181.04 each, the insider now holds 1,086,404 shares.
Before that, Arora Nikesh had sold 235,492 shares from its account. In a trade valued at $43,169,381, the Chief Executive Officer traded Palo Alto Networks Inc shares for $183.32 each. Upon closing the transaction, the insider’s holdings decreased to 235,492 shares, worth approximately $187.76 million.
As published in a research note from Deutsche Bank on January 08, 2025, Palo Alto Networks Inc [PANW] has been rated down from a Buy to a Hold. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of January 06, 2025, Guggenheim has decreased its “Neutral” rating to a “Sell” for PANW. Earlier on November 22, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Reduce” for PANW stock which previously was a “a Hold”.
Analyzing PANW Stock Performance
During the last five days, there has been a drop of approximately -5.02%. Over the course of the year, Palo Alto Networks Inc shares have dropped approximately -5.02%. Shares of the company reached a 52-week high of $184.80 on 01/03/25 and a 52-week low of $167.26 on 01/08/25. A 50-day SMA is recorded $191.10, while a 200-day SMA reached $168.73. Nevertheless, trading volume fell to 11.01 million shares from 6.49 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 169.02, which, if violated, would cause prices to drop to 165.22. In the upper region, resistance lies at 174.87. The next price resistance is at 176.92. RSI (Relative Strength Index) is 30.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.00, which suggests the price will decrease in the coming days. Percent R is at 83.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
