Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $57.68 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 $2.48 million.
As published in a research note from Wedbush on May 01, 2024, Seagate Technology Holdings Plc [STX] has been rated up from a Neutral to an Outperform and the price target has been revised to $100. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late March. As of February 27, 2024, Evercore ISI has initiated its “an Outperform” rating for STX. Earlier on January 25, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for STX stock.
Analyzing STX Stock Performance
During the last five days, there has been a drop of approximately -1.49%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 0.52%. 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 $89.06, while a 200-day SMA reached $77.57. Nevertheless, trading volume fell to 2.05 million shares from 2.11 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 84.17, which, if violated, would cause prices to drop to 82.54. In the upper region, resistance lies at 87.61. The next price resistance is at 89.42. RSI (Relative Strength Index) is 45.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 59.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
