The Nancy Pelosi Stock Bet: Gain and Losses in Palo Alto Network Shares
Tuesday, 21 May 2024, 17:55
Why did PANW stock dip after Nancy Pelosi's purchase?
Palo Alto Networks stock dipped sharply on February 22 despite Nancy Pelosi's purchase. The company cut its annual billing forecast due to softer client spending and steep promotions.
Key Points:
- Nancy Pelosi demonstrated high conviction on her Palo Alto stock bet, buying the dip on February 21.
- The first purchase was within a range of $500,001 to $1 million, while the winning trade ranged between $100,001 and $250,000.
- At least 18 brokerages lowered their price targets on PANW, aligning the median view to $340.
Now, investors follow the stock closely amid speculations about Pelosi's stock betting history.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.