Shares of Palo Alto Networks (PANW) Sees Large Outflow of Money

Palo Alto Networks (PANW) : The total money flow in Palo Alto Networks (PANW) was negative ($5.21 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $107.73 million. Transactions on upticks were comparatively lower at $102.53 million. The uptick to downtick ratio was 0.95. The total block trades done on upticks were valued at $5.66 million. The total block trades on downticks were valued at $8.97 million. The uptick to the downtick ratio of block trades was 0.63. The money flow during block trades was negative ($3.31 million) when the stock traded with a gain of $196 cent. Palo Alto Networks (PANW) was $143.45, an increase of 1.39% over the previous days close.


Also, Equity Analysts at the Cleveland Research downgrades the rating on Palo Alto Networks (NYSE:PANW). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 10, 2016.

Shares of Palo Alto Networks, Inc. rose by 0.94% in the last five trading days and 11.65% for the last 4 weeks. Palo Alto Networks, Inc. is up 6.68% in the last 3-month period. Year-to-Date the stock performance stands at -18.56%.

Palo Alto Networks (NYSE:PANW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $141.64 and $141.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $144.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $143.45, notching a gain of 1.39% for the day. The total traded volume was 3,464,214 . The stock had closed at $141.49 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP of WW Field Ops) of Palo Alto Networks Inc, Anderson Mark had sold 2,203 shares worth of $280,001 in a transaction dated June 21, 2016. In this transaction, 2,203 shares were sold at $127.1 per share.

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).

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