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 $1,990,619 were sold by MOSLEY WILLIAM D on Nov 01 ’24. At $99.53 per share, MOSLEY WILLIAM D sold 20,000 shares. The insider’s holdings dropped to 642,497 shares worth approximately $67.53 million following the completion of this transaction.
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Also, Geldmacher Jay L sold 4,100 shares, netting a total of over 423,530 in proceeds. Following the sale of shares at $103.30 each, the insider now holds 2,852 shares.
Before that, Morris John Christopher had sold 1,131 shares from its account. In a trade valued at $126,559, the SVP & CTO traded Seagate Technology Holdings Plc shares for $111.90 each. Upon closing the transaction, the insider’s holdings decreased to 1,131 shares, worth approximately $0.76 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 4.72%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 23.12%. 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 $104.91, while a 200-day SMA reached $97.18. Nevertheless, trading volume fell to 1.95 million shares from 2.41 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 103.63, which, if violated, would cause prices to drop to 102.16. In the upper region, resistance lies at 105.93. The next price resistance is at 106.76. RSI (Relative Strength Index) is 51.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 54.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
