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Potential Price Increase for Seagate Technology Holdings Plc (STX) After Recent Insider Activity

Seagate Technology Holdings Plc’s recently made public that its SVP, Global Operations Chong Kian Fatt unloaded Company’s shares for reported $0.97 million on Nov 08 ’24. In the deal valued at $105.50 per share,9,182 shares were sold. As a result of this transaction, Chong Kian Fatt now holds 0 shares worth roughly $0.0.

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Then, Chong Kian Fatt bought 9,182 shares, generating $968,701 in total proceeds.

Before that, MOSLEY WILLIAM D sold 20,000 shares. Seagate Technology Holdings Plc shares valued at $1,990,619 were divested by the Chief Executive Officer at a price of $99.53 per share. As a result of the transaction, MOSLEY WILLIAM D now holds 642,497 shares, worth roughly $62.34 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 jump 0.24% to $97.02. Over the last five days, the stock has lost -4.73%. Seagate Technology Holdings Plc shares have risen nearly 13.65% since the year began. Nevertheless, the stocks have risen 28.35% over the past one year. While a 52-week high of $115.32 was reached on 10/15/24, a 52-week low of $74.33 was recorded on 01/11/24. SMA at 50 days reached $104.94, while 200 days put it at $97.58.

Levels Of Support And Resistance For STX Stock

The 24-hour chart illustrates a support level at 96.39, which if violated will result in even more drops to 95.76. On the upside, there is a resistance level at 97.60. A further resistance level may holdings at 98.17. The Relative Strength Index (RSI) on the 14-day chart is 34.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.13%. Stochastics %K at 5.27% indicates the stock is a buying.

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 2024-10-31, growing by 0.48 million shares to a total of 11.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.13 million shares. There was a rise of 4.15%, which implies that there is a positive sentiment for the stock.

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