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 $921,785 were sold by Teh Ban Seng on May 14 ’24. At $95.00 per share, Teh Ban Seng sold 9,703 shares. The insider’s holdings dropped to 15,185 shares worth approximately $1.44 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Morris John Christopher sold 11,158 shares, netting a total of over 1,004,220 in proceeds. Following the sale of shares at $90.00 each, the insider now holds 17,767 shares.
Before that, MOSLEY WILLIAM D had sold 1,000 shares from its account. In a trade valued at $92,690, the Chief Executive Officer traded Seagate Technology Holdings Plc shares for $92.69 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $63.64 million.
As published in their initiating research note from Citigroup on May 14, 2024, Seagate Technology Holdings Plc [STX] has been a Buy and the price target has been revised to $110. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of March 26, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for STX. Earlier on February 27, 2024, Evercore ISI initiated 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 -4.10%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 10.89%. 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 $89.32, while a 200-day SMA reached $79.85. Nevertheless, trading volume fell to 2.13 million shares from 3.08 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 93.85, which, if violated, would cause prices to drop to 93.03. In the upper region, resistance lies at 95.28. The next price resistance is at 95.89. RSI (Relative Strength Index) is 57.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 36.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
