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 $13,123,552 were purchased by WILLIAM D. MOSLEY on Sep 26 ’24. At $107.76 per share, WILLIAM D. MOSLEY acquired 121,785 shares.
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Also, BAN SENG TEH purchased 4,872 shares, netting a total of over 535,920 in proceeds.
Before that, Morris John Christopher had sold 2,531 shares from its account. In a trade valued at $257,732, the SVP & CTO traded Seagate Technology Holdings Plc shares for $101.83 each. Upon closing the transaction, the insider’s holdings decreased to 2,531 shares, worth approximately $0.71 million.
As published in a research note from TD Cowen on July 24, 2024, Seagate Technology Holdings Plc [STX] has been retained to a Buy and the price target has been revised to $135. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in early June. As of May 14, 2024, Citigroup has initiated its “Buy” rating for STX. Earlier on May 01, 2024, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for STX stock which previously was a “a Neutral”.
Analyzing STX Stock Performance
During the last five days, there has been a surge of approximately 6.38%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 29.74%. Shares of the company reached a 52-week high of $113.57 on 07/24/24 and a 52-week low of $79.39 on 01/11/24. A 50-day SMA is recorded $101.33, while a 200-day SMA reached $93.79. Nevertheless, trading volume fell to 2.66 million shares from 1.7 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 108.74, which, if violated, would cause prices to drop to 106.73. In the upper region, resistance lies at 111.85. The next price resistance is at 112.95. RSI (Relative Strength Index) is 68.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.58, which suggests the price will increase in the coming days. Percent R is at 1.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
