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 $423,530 were sold by Geldmacher Jay L on Oct 24 ’24. At $103.30 per share, Geldmacher Jay L sold 4,100 shares. The insider’s holdings dropped to 2,852 shares worth approximately $0.29 million following the completion of this transaction.
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Also, Morris John Christopher sold 1,131 shares, netting a total of over 126,559 in proceeds. Following the sale of shares at $111.90 each, the insider now holds 7,191 shares.
Before that, JOHN MORRIS had added 1,131 shares to its account. In a trade valued at $126,559, the Officer bought Seagate Technology Holdings Plc shares for $111.90 each.
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 -3.47%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 17.57%. Shares of the company reached a 52-week high of $115.32 on 10/15/24 and a 52-week low of $79.39 on 01/11/24. A 50-day SMA is recorded $104.98, while a 200-day SMA reached $96.82. Nevertheless, trading volume fell to 2.71 million shares from 2.86 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 99.12, which, if violated, would cause prices to drop to 97.86. In the upper region, resistance lies at 101.42. The next price resistance is at 102.46. RSI (Relative Strength Index) is 34.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.47, which suggests the price will decrease in the coming days. Percent R is at 91.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
