Palo Alto Networks Stock Surges 3% to $340.82 Amid Breakout and Increased Price Target

Palo Alto Networks (PANW) has seen a significant upward movement in its stock price, with a notable 3% increase reported on June 27, 2024. The stock is experiencing a breakout into a gap, which has been a point of focus for traders. Additionally, there have been substantial options trades, including the purchase of 100 September 2025 $350 calls at $60.75 and 330 October $400 calls at $10.50. The stock traded at $340.82, indicating strong performance and potential for further gains. The stock also achieved an upside VPOC target and saw a flag breakout, with traders highlighting an A+ Gap Setup and a +17 point move.