Recent Insider Activity Could Benefit Seagate Technology Holdings plc (STX)


In a filing, Seagate Technology Holdings plc revealed its Chief Executive Officer MOSLEY WILLIAM D unloaded Company’s shares for reported $7.21 million on Sep 01. In the deal valued at $72.97 per share,98,860 shares were sold. As a result of this transaction, MOSLEY WILLIAM D now holds 616,309 shares worth roughly $ 43.69 million.

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Then, MOSLEY WILLIAM D sold 200,000 shares, generating $14,055,899 in total proceeds. Upon selling the shares at $70.28, the Chief Executive Officer now owns 616,309 shares.

Before that, SCHUELKE KATHERINE sold 3,487 shares. Seagate Technology Holdings plc shares valued at $216,508 were divested by the SVP, CLO & Corporate Secretary at a price of $62.09 per share. As a result of the transaction, SCHUELKE KATHERINE now holds 28,658 shares, worth roughly $2.03 million.

Summit Insights downgraded its Seagate Technology Holdings plc [STX] rating to a Sell from a a Buy in a research note published on Tuesday.

Price Performance Review of STX

On Tuesday, Seagate Technology Holdings plc [NASDAQ:STX] saw its stock fall -3.81% to $70.89. On the same session, the stock had its day’s lowest price of $69.50, but rose to a high of $74.0394. Over the last five days, the stock has gained 7.30%. Seagate Technology Holdings plc shares have risen nearly 34.75% since the year began. Nevertheless, the stocks have risen 7.54% over the past one year. While a 52-week high of $74.51 was reached on 09/01/23, a 52-week low of $47.47 was recorded on 01/03/23. SMA at 50 days reached $63.92, while 200 days put it at $61.31. A total of 5.13 million shares were traded, compared to the trading of 4.55 million shares in the previous session.

Levels Of Support And Resistance For STX Stock

The 24-hour chart illustrates a support level at 68.91, which if violated will result in even more drops to 66.94. On the upside, there is a resistance level at 73.45. A further resistance level may holdings at 76.02. The Relative Strength Index (RSI) on the 14-day chart is 62.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.91%. Stochastics %K at 84.12% indicates the stock is a selling.

How much short interest is there in Seagate Technology Holdings plc?

A steep rise in short interest was recorded in Seagate Technology Holdings plc stocks on Aug 14, 2023, growing by 4.98 million shares to a total of 14.68 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.7 million shares. There was a rise of 33.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.4.

According to FactSet, Seagate Technology Holdings plc’s share price will average $63.47 in the next year, based on opinions of analysts polled by the firm. This is down nearly -11.8 percent from its previous closing price of $73.70. Analysts expect Seagate Technology Holdings plc stock to reach the higher price of $80.00, while the lowest price estimate is $40.00. However, 25 analysts have rated STX stock as an Overweight in their predictions for 2023.


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