Palo Alto founder sells 110,000 shares

By Bobby Raines,

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Bobby Raines 01/07/2014

Nir Zuk, the founder and CTO of Palo Alto Networks ( PANW ) sold 110,000 shares of the company's common stock on Jan. 2. At $55.40 per share, Zuk pulled in a total of $6,101,905..

IK-> The technicals for PANW ($59.96 up $2.12) are bullish with an upward trend. Recent support has been around $54.73 and recent resistance has been around $60.24. Standard & Poor's does not follow the stock. Look at the March 70/75 bear-call spread for a 55-cent credit. That's an 12.36% return and the stock has to rise 16.7% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: PANW

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