Palo Alto Networks, Inc. (PANW) shares reached an oversold status on Thursday with a Relative Strength Index (RSI) of 28.9, indicating heavy selling pressure. The stock traded as low as $208.54 per share, in contrast to the S&P 500 ETF (SPY), which has an RSI of 37.7. Investors may interpret the low RSI as a potential buying opportunity as selling may be exhausting.
Over the past year, PANW’s stock has fluctuated between a low of $132.22 and a high of $258.88, with the latest trade recorded at $209.03.
