Palo Alto Networks, Inc. is trading 3.6% down at $5.69 as a wider risk-off move hits growth and tech stocks following stronger-than-expected U.S. jobs data.
- The Nasdaq Composite has dropped nearly 2%, prompting investors to rotate out of high-valuation names and into less risky assets.
- The stock is underperforming today after several strong sessions and recent gains, facing renewed pressure alongside the broader tech complex.