On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. While it’s possible that a selloff in the overall market weighs on this stock, clearly it’s a high-quality stock.

All year long, Palo Alto Networks has been telling a strong story, and management continues to deliver.Ĭurrently, PANW stock is down “just” 15.5% from its all-time highs and is one of the few tech stocks to make new highs in Q2 2022. Better yet, guidance topped expectations as well. 22, the company beat on earnings and revenue estimates. When the company reported earnings on Aug. So PANW stock has that working in its favor, as it joins Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL), Amazon (NASDAQ: AMZN) and Tesla (NASDAQ: TSLA) as recent big-name tech companies to split their stock.Īlso working in Palo Alto Networks’ favor? Business is booming. According to Bank of America: “Stocks that have split gained on average 25% over the next 12 months compared with a gain of 9% for the benchmark index.” Studies have shown it can be beneficial over a one-year span. While a stock split doesn’t change the value of the company, it can help the stock price. 300 shares at $20 apiece is also worth $6,000. 100 shares available at $60 apiece is worth $6,000. At the end of the day, it’s simple arithmetic.

In this case, they cut the share price by one-third and tripled the number of shares available. That’s particularly true with a stock split, where there’s no actual value added to the company. That said, we shouldn’t extrapolate too much from one day of price action. Investors were hoping that PANW stock would be higher on the day with the rebound in the stock market and Palo Alto Networks’ stock split. That stock split went into effect today, which adds even more disappointment to the stock’s reaction. indices - ahead of its 3-for-1 stock split. Shares fell “just” 3.4% - better than all the major U.S. equities had their worst day since June 2020, although Palo Alto Networks stock did pretty well, relatively speaking. indices are trading higher on Wednesday after an absolutely brutal session on Tuesday. PANW stock is down about 1% on the day at the time of writing, even as the overall market is higher on the session.Īll four major U.S. However, bulls have to be a bit disappointed with today’s action. Shares of Palo Alto Networks (NASDAQ: PANW) stock are in the spotlight on Wednesday.

$nvda stock split