Palo Alto Networks (NYSE:PANW) has shown a rise of 6.8% or 412,584 shares in the short positions. The bets have increased to 6,462,775 shares on June 15,2016 from 6,050,191 shares on May 31,2016. With respect to the floated shares, the shorts are 7.6%. The days to cover are calculated to be 4, using the standard per day volume of 1,790,968 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Palo Alto Networks (NYSE:PANW): The stock opened at $122.16 on Friday but the bulls could not build on the opening and the stock topped out at $124.59 for the day. The stock traded down to $121.01 during the day, due to lack of any buying support eventually closed down at $121.78 with a loss of -3.85% for the day. The stock had closed at $126.65 on the previous day. The total traded volume was 2,846,700 shares.
The company shares have dropped -29.14% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $200.55 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $134.88 and the 200 Day Moving Average price is recorded at $148.74.
Palo Alto Networks (NYSE:PANW) has tumbled 5.08% during the past week and has dropped 6.22% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.51%. Palo Alto Networks (NYSE:PANW) has underperformed the index by 3.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).