From a strictly TA point of view, the price is at a previous support so the price should bounce back up a bit even if it's just a dead cat bounce. But from a fundie and sentimental point of view, you never know; it will depend on whether the market perceives if this company has any future growth potential or this is it. If the market thinks the company's still got some stuff left and this is just a temporary setback, using the CEO's words, an "execution error", then the price will go back up but if the market believes that this company's got nothing left to offer with nothing lined up in the future then the price will continue to slide.
So if anybody thinks this company's got good things lined up in the future and the company's got a good business model and this is just a temporary setback, then right now would be a good time to buy because the price is at its support right now.
that's because the pelosi calls, as usual, deep in the money leap calls. i start to like this guy. https://www.capitoltrades.com/artic...s-palo-alto-networks-stock-options-2024-02-27 On Feb 12 and 21, Paul Pelosi purchased stock options of PANW in two transactions: Feb 12: He bought 20 call options with an expiration date of 1/17/25 and a total value between $100,001 and $250,000. Feb 21: He bought 50 call options with an expiration date of 1/17/25 and a total value between $500,001 and $1,000,000.