Why Fortinet's Stock is Trading Lower Today


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Fortinet’s Stock Price And Volume Action

Fortinet’s (NASDAQ:FTNT) stock has been falling Tuesday, down 3.06% to a price of $141.36. The stock’s current volume for the day is 247.02 thousand, which is approximately 23.34% of its previous 30-day average volume of 1.06 million.

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Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Fortinet shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral.

Insights On Recent Price Action

The 50-day moving average price of Fortinet’s stock was $126.94 when this article was published. The stock reached a high of $153.33 and a low of $70.2 in the past 52 weeks.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: MoversTrading IdeasBZ-WIIM