Palo Alto shares pop as CEO Nikesh Arora buys stock for first time in years

Palo Alto Networks CEO Nikesh Arora disclosed his first share purchase since November 2019, as artificial intelligence disruption fears weigh on the cybersecurity sector. The purchase, disclosed Friday in an SEC filing, totaled 68,085 shares at about $10 million. Wall Street viewed the purchase as an upbeat sign for the downtrodden sector, lifting shares of Palo Alto 6%.Shares have dropped 15% this year. Cybersecurity stocks have plummeted over the last few months as the software sector falls prey to the na ...