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Investing in Seagate Technology Holdings Plc (STX) Is Getting More Attractive

Seagate Technology Holdings Plc’s recently made public that its SVP & CTO Morris John Christopher unloaded Company’s shares for reported $13883.0 on Dec 12 ’24. In the deal valued at $98.46 per share,141 shares were sold. As a result of this transaction, Morris John Christopher now holds 7,757 shares worth roughly $0.69 million.

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Then, JOHN MORRIS bought 141 shares, generating $13,883 in total proceeds.

Before that, Morris John Christopher sold 75 shares. Seagate Technology Holdings Plc shares valued at $7,414 were divested by the SVP & CTO at a price of $98.85 per share. As a result of the transaction, Morris John Christopher now holds 7,387 shares, worth roughly $0.65 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 1.40% to $88.53. Over the last five days, the stock has lost -7.38%. Seagate Technology Holdings Plc shares have risen nearly 3.70% since the year began. Nevertheless, the stocks have risen 3.79% over the past one year. While a 52-week high of $115.32 was reached on 10/15/24, a 52-week low of $79.39 was recorded on 01/11/24. SMA at 50 days reached $100.63, while 200 days put it at $98.42.

Levels Of Support And Resistance For STX Stock

The 24-hour chart illustrates a support level at 87.68, which if violated will result in even more drops to 86.83. On the upside, there is a resistance level at 89.00. A further resistance level may holdings at 89.47. The Relative Strength Index (RSI) on the 14-day chart is 28.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.57%. Stochastics %K at 5.31% 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 2024-11-29, growing by 12310.0 shares to a total of 11.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.61 million shares. There was a rise of 0.11%, which implies that there is a positive sentiment for the stock.

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