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 $968,701 were sold by Chong Kian Fatt on Nov 08 ’24. At $105.50 per share, Chong Kian Fatt sold 9,182 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Chong Kian Fatt purchased 9,182 shares, netting a total of over 968,701 in proceeds.
Before that, MOSLEY WILLIAM D had sold 20,000 shares from its account. In a trade valued at $1,990,619, the Chief Executive Officer traded Seagate Technology Holdings Plc shares for $99.53 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $62.62 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 -7.28%. Over the course of the year, Seagate Technology Holdings Plc shares have jumped approximately 14.16%. 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 $105.05, while a 200-day SMA reached $97.48. Nevertheless, trading volume fell to 1.81 million shares from 1.63 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 96.71, which, if violated, would cause prices to drop to 95.97. In the upper region, resistance lies at 98.48. The next price resistance is at 99.51. RSI (Relative Strength Index) is 34.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.47, which suggests the price will decrease in the coming days. Percent R is at 94.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
