Palo Alto Networks Inc’s recently made public that its EVP, Chief Product Officer Klarich Lee unloaded Company’s shares for reported $21.56 million on Jan 06 ’25. In the deal valued at $179.70 per share,120,000 shares were sold. As a result of this transaction, Klarich Lee now holds 365,856 shares worth roughly $61.4 million.
Then, Arora Nikesh sold 376,670 shares, generating $68,193,249 in total proceeds. Upon selling the shares at $181.04, the Chief Executive Officer now owns 1,086,404 shares.
Before that, Arora Nikesh sold 235,492 shares. Palo Alto Networks Inc shares valued at $43,169,381 were divested by the Chief Executive Officer at a price of $183.32 per share. As a result of the transaction, Arora Nikesh now holds 1,086,404 shares, worth roughly $182.32 million.
Deutsche Bank downgraded its Palo Alto Networks Inc [PANW] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Guggenheim also remained covering PANW and has decreased its forecast on January 06, 2025 with a “Sell” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on November 22, 2024. It rated PANW as “a Reduce” which previously was an “a Hold”.
Price Performance Review of PANW
On Monday, Palo Alto Networks Inc [NASDAQ:PANW] saw its stock fall -3.23% to $167.82. Over the last five days, the stock has lost -8.42%. Palo Alto Networks Inc shares have fallen nearly -7.77% since the year began. Nevertheless, the stocks have risen 6.18% 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 01/13/25. SMA at 50 days reached $190.64, while 200 days put it at $169.01.
Levels Of Support And Resistance For PANW Stock
The 24-hour chart illustrates a support level at 165.84, which if violated will result in even more drops to 163.87. On the upside, there is a resistance level at 170.16. A further resistance level may holdings at 172.51. The Relative Strength Index (RSI) on the 14-day chart is 27.11, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.96%. Stochastics %K at 14.68% 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.
