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Seagate Technology Holdings Plc (STX) receives a Buy rating from TD Cowen

Seagate Technology Holdings Plc’s recently made public that its Officer GIANLUCA ROMANO acquired Company’s shares for reported $4.82 million on Nov 25 ’24. In the deal valued at $101.91 per share,47,268 shares were bought.

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Then, GIANLUCA ROMANO bought 21,686 shares, generating $2,177,168 in total proceeds.

Before that, Chong Kian Fatt sold 9,182 shares. Seagate Technology Holdings Plc shares valued at $968,701 were divested by the SVP, Global Operations at a price of $105.50 per share. As a result of the transaction, Chong Kian Fatt now holds 0 shares, worth roughly $0.0.

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 1.75% to $101.36. Over the last five days, the stock has gained 4.47%. Seagate Technology Holdings Plc shares have risen nearly 18.73% since the year began. Nevertheless, the stocks have risen 33.23% over the past one year. While a 52-week high of $115.32 was reached on 10/15/24, a 52-week low of $75.64 was recorded on 01/11/24. SMA at 50 days reached $104.69, while 200 days put it at $97.88.

Levels Of Support And Resistance For STX Stock

The 24-hour chart illustrates a support level at 100.32, which if violated will result in even more drops to 99.27. On the upside, there is a resistance level at 102.90. A further resistance level may holdings at 104.43. The Relative Strength Index (RSI) on the 14-day chart is 49.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.13%. Stochastics %K at 41.42% indicates the stock is a holding.

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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