Palo Alto Networks Trading Volume Drops 53% to 91st Rank Despite 2% Stock Price Gain

On June 23, 2025, Palo Alto Networks (PANW) saw a significant decline in trading volume, with a total turnover of $775 million, marking a 53.05% decrease from the previous day. This placed PANW at the 91st position in terms of daily trading volume among all stocks. Despite the decline in volume, the stock price rose by 2.05%.

Palo Alto Networks (PANW) has shown signs of positive momentum in its recent trading, attempting to recover from a period of overbought conditions as indicated by the Relative Strength Index (RSI). The stock has been trading above its 50-day Exponential Moving Average (EMA50), which provides a level of support. However, there is a minor bearish bias in the short term, suggesting that the current trend may continue to strengthen.

Analysts expect that if the support level at $194.40 holds, PANW could target the critical resistance level at $207.25 in its upcoming trading sessions. The overall outlook for PANW remains bullish, with the potential for further gains as the stock continues to navigate through its current trading conditions.