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 $2,153,639 were sold by MOSLEY WILLIAM D on Oct 01 ’24. At $107.68 per share, MOSLEY WILLIAM D sold 20,000 shares. The insider’s holdings dropped to 648,616 shares worth approximately $70.13 million following the completion of this transaction.
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Also, WILLIAM D. MOSLEY purchased 60,000 shares, netting a total of over 6,571,800 in proceeds.
Before that, Teh Ban Seng had sold 4,872 shares from its account. In a trade valued at $535,920, the EVP & Chief Commercial Officer traded Seagate Technology Holdings Plc shares for $110.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,872 shares, worth approximately $1.08 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 drop of approximately -0.63%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 26.65%. 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 $102.20, while a 200-day SMA reached $95.00. Nevertheless, trading volume fell to 1.26 million shares from 3.41 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 106.84, which, if violated, would cause prices to drop to 105.57. In the upper region, resistance lies at 109.06. The next price resistance is at 110.01. RSI (Relative Strength Index) is 56.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 43.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
