Palo Alto Networks, Inc. is down to $185.1, after ending yesterday at $185.9. Overall, a 0.43% loss or 79.98 cents today.
While price action maintains a negative bias, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Positive performances can be seen by looking at other technology stocks as Salesforce is up 5.4% to $184.98. AMD is up 7.18%. Intuit is up 4.44%.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Retail Sales projected to come out at -0.3% — worse than previous data of 3%; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. As things stand, upcoming United States Producer Price Index data is projected to fall short of market expectations with newly published data of 0.3%, following on from the preceding figure of 0.7%. New data is set to be published tomorrow at 12:30 UTC.
The stock has been trending positively for about 2 months. 10 months ago the cybersecurity company reached a significant high of $629 but has consequently lost 70.45% since then.