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The Potential Rise in the Price of Seagate Technology Holdings Plc (STX) following insiders activity

Seagate Technology Holdings Plc’s recent filing unveils that its Chief Executive Officer MOSLEY WILLIAM D unloaded Company’s shares for reported $2.15 million on Oct 01 ’24. In the deal valued at $107.68 per share,20,000 shares were sold. As a result of this transaction, MOSLEY WILLIAM D now holds 648,616 shares worth roughly $68.84 million.

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Then, WILLIAM D. MOSLEY bought 60,000 shares, generating $6,571,800 in total proceeds.

Before that, Teh Ban Seng sold 4,872 shares. Seagate Technology Holdings Plc shares valued at $535,920 were divested by the EVP & Chief Commercial Officer at a price of $110.00 per share. As a result of the transaction, Teh Ban Seng now holds 9,969 shares, worth roughly $1.06 million.

TD Cowen reiterated its Seagate Technology Holdings Plc [STX] rating to a Buy in a research note published on July 24, 2024; the price target was $135. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in early June has reiterated a ‘”a Buy”‘ rating for it. Citigroup began covering STX with “Buy” recommendation on May 14, 2024. Wedbush revised its rating on May 01, 2024. It rated STX as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of STX

On Monday, Seagate Technology Holdings Plc [NASDAQ:STX] saw its stock fall -1.04% to $106.13. Over the last five days, the stock has lost -3.10%. Seagate Technology Holdings Plc shares have risen nearly 24.32% since the year began. Nevertheless, the stocks have risen 59.31% over the past one year. While a 52-week high of $113.57 was reached on 07/24/24, a 52-week low of $64.12 was recorded on 01/11/24. SMA at 50 days reached $101.77, while 200 days put it at $94.63.

Levels Of Support And Resistance For STX Stock

The 24-hour chart illustrates a support level at 104.89, which if violated will result in even more drops to 103.66. On the upside, there is a resistance level at 106.99. A further resistance level may holdings at 107.85. The Relative Strength Index (RSI) on the 14-day chart is 52.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.01%. Stochastics %K at 65.33% indicates the stock is a holding.

How much short interest is there in Seagate Technology Holdings Plc?

A steep rise in short interest was recorded in Seagate Technology Holdings Plc stocks on 2024-09-13, dropping by -0.9 million shares to a total of 10.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.73 million shares. There was a decline of -8.29%, which implies that there is a negative sentiment for the stock.

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