Seagate Technology Holdings Plc’s filing revealed that its Chief Executive Officer MOSLEY WILLIAM D unloaded Company’s shares for reported $92690.0 on Mar 09 ’24. In the deal valued at $92.69 per share,1,000 shares were sold. As a result of this transaction, MOSLEY WILLIAM D now holds 672,192 shares worth roughly $60.49 million.
Then, Romano Gianluca sold 485 shares, generating $44,955 in total proceeds. Upon selling the shares at $92.69, the EVP & CFO now owns 72,877 shares.
Before that, Morris John Christopher sold 180 shares. Seagate Technology Holdings Plc shares valued at $16,684 were divested by the SVP, HDD & SDD Products & CTO at a price of $92.69 per share. As a result of the transaction, Morris John Christopher now holds 28,925 shares, worth roughly $2.6 million.
Morgan Stanley upgraded its Seagate Technology Holdings Plc [STX] rating to an Overweight from a an Equal-weight in a research note published on March 26, 2024; the price target was increased to $115 from $73. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. TD Cowen also remained covering STX and reiterated its “an Outperform” recommendation on January 25, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated STX as “a Neutral”.
Price Performance Review of STX
On Friday, Seagate Technology Holdings Plc [NASDAQ:STX] saw its stock fall -0.85% to $89.99. Over the last five days, the stock has lost -3.29%. Seagate Technology Holdings Plc shares have risen nearly 5.41% since the year began. Nevertheless, the stocks have risen 37.73% over the past one year. While a 52-week high of $101.26 was reached on 03/06/24, a 52-week low of $54.32 was recorded on 01/11/24. SMA at 50 days reached $89.67, while 200 days put it at $75.34. A total of 2.56 million shares were traded, compared to the trading of 2.28 million shares in the previous session.
Levels Of Support And Resistance For STX Stock
The 24-hour chart illustrates a support level at 89.30, which if violated will result in even more drops to 88.61. On the upside, there is a resistance level at 91.03. A further resistance level may holdings at 92.07. The Relative Strength Index (RSI) on the 14-day chart is 49.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.93%. Stochastics %K at 47.91% indicates the stock is a holding.
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 Mar 15, 2024, dropping by -0.63 million shares to a total of 9.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.04 million shares. There was a decline of -6.7%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.16.
