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Why Fortinet's Stock is Trading Lower Today

January 5, 2021 10:49 am
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Why Fortinet's Stock is Trading Lower Today

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.

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.

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