Zscaler Inc is trading 4.8% down at $137.18 as selling pressure persists following a sharp reversal of its recent post-upgrade rally.
- The stock surged to $155.71 on June 1 after Guggenheim upgraded the company to Buy with a $214 price target, but it gave back nearly 10% the following day as the rally reversed.
- Today's decline suggests ongoing volatility and profit-taking after a roller-coaster week that included a 30% post-earnings drop and a subsequent analyst-driven rebound.