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STX Stock Sees Decline of Approximately -1.00% in Last Five Days

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 $1,074,200 were sold by Teh Ban Seng on Jun 11 ’24. At $100.00 per share, Teh Ban Seng sold 10,742 shares. The insider’s holdings dropped to 5,042 shares worth approximately $0.51 million following the completion of this transaction.

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Also, Morris John Christopher sold 5,928 shares, netting a total of over 592,725 in proceeds. Following the sale of shares at $99.99 each, the insider now holds 12,185 shares.

Before that, Teh Ban Seng had sold 9,703 shares from its account. In a trade valued at $921,785, the EVP & Chief Commercial Officer traded Seagate Technology Holdings Plc shares for $95.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,703 shares, worth approximately $1.54 million.

As published in a research note from BofA Securities on June 05, 2024, Seagate Technology Holdings Plc [STX] has been retained to a Buy and the price target has been revised to $110. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of May 01, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for STX. Earlier on March 26, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for STX stock which previously was a “an Equal-weight”.

Analyzing STX Stock Performance

During the last five days, there has been a drop of approximately -1.00%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 19.15%. Shares of the company reached a 52-week high of $107.91 on 06/18/24 and a 52-week low of $79.39 on 01/11/24. A 50-day SMA is recorded $95.85, while a 200-day SMA reached $84.53. Nevertheless, trading volume fell to 1.06 million shares from 1.1 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 100.61, which, if violated, would cause prices to drop to 99.84. In the upper region, resistance lies at 102.74. The next price resistance is at 104.10. RSI (Relative Strength Index) is 54.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 94.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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