Shortly after the opening bell, we'll sell 30 shares of Palo Alto Networks at roughly $349.50 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 230 shares of PANW, decreasing its weighting to 2.4% from 2.71%. We're booking profits to start the new week following Friday's dovish Fed-driven rally, which sent the S & P Short range Oscillator deeper into overbought territory.
mountain Palo Alto Networks YTD Monday's trim of Palo Alto Networks was signaled both before and after last week's strong earnings report , especially when it was up about 8% last Tuesday . Although we are long-term investors, not traders, and view Palo Alto Networks as a best-of-breed company in cybersecurity, we liked the idea of selling back the 30 shares we bought near $300 in early August when the market was breaking down on recession concerns and throwing away tech stocks.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »