Zscaler Inc is trading 5.8% down at $135.75 as the stock faces a sharp reversal of its recent upgrade-driven gains.
- The stock had spiked to $155.71 on June 1 following a Guggenheim upgrade with a $214 price target, but has since declined for two consecutive sessions.
- With no fresh company news reported today, the downward move is attributed to continued profit-taking and persistent selling pressure as prior optimism fades.