The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Seagate Technology Holdings Plc shares valued at $92,690 were sold by MOSLEY WILLIAM D on Mar 09 ’24. At $92.69 per share, MOSLEY WILLIAM D sold 1,000 shares. The insider’s holdings dropped to 672,192 shares worth approximately $59.15 million following the completion of this transaction.
Also, Romano Gianluca sold 485 shares, netting a total of over 44,955 in proceeds. Following the sale of shares at $92.69 each, the insider now holds 72,877 shares.
Before that, Morris John Christopher had sold 180 shares from its account. In a trade valued at $16,684, the SVP, HDD & SDD Products & CTO traded Seagate Technology Holdings Plc shares for $92.69 each. Upon closing the transaction, the insider’s holdings decreased to 180 shares, worth approximately $2.55 million.
As published in a research note from Morgan Stanley on March 26, 2024, Seagate Technology Holdings Plc [STX] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $115 from $73. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of January 25, 2024, TD Cowen has reiterated its “an Outperform” rating for STX. Earlier on January 23, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for STX stock.
Analyzing STX Stock Performance
During the last five days, there has been a drop of approximately -3.97%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 3.07%. Shares of the company reached a 52-week high of $101.26 on 03/06/24 and a 52-week low of $79.39 on 01/11/24. A 50-day SMA is recorded $89.60, while a 200-day SMA reached $75.76. Nevertheless, trading volume fell to 3.2 million shares from 2.82 million shares the previous day.
Support And Resistance Levels for Seagate Technology Holdings Plc (STX)
According to the 24-hour chart, there is a support level at 86.60, which, if violated, would cause prices to drop to 85.20. In the upper region, resistance lies at 89.12. The next price resistance is at 90.25. RSI (Relative Strength Index) is 43.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.76, which suggests the price will decrease in the coming days. Percent R is at 85.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Seagate Technology Holdings Plc subject to short interest?
Stocks of Seagate Technology Holdings Plc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.63 million shares to 9.41 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 10.04 million shares. A decline of -6.7% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.16 of the overall float, the days-to-cover ratio (short ratio) decline to 3.16.
