Don't Bet Against Palo Alto Networks Stock in February

Palo Alto Networks Inc (NASDAQ:PANW) had a strong start to 2024, as it hit a Jan. 22 record high of $350.60 and added 15.1% since the beginning of the year. The equity has been consolidating since that peak, trading just 0.2% higher today at $338.58, following yesterday's 2.1% drop -- its largest move lower since Dec. 20. It may be too early to bet on any downside for PANW, however, as it has a history of positive moves in February. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, PANW ran ...