Seagate Technology. (NASDAQ:STX) has climbed 0.35% in the past week and advanced 13.77% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.55% and the outperformance has advanced to 12.73% for the last 4 weeks period.
Seagate Technology. (NASDAQ:STX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.81 and $22.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.22, notching a gain of 2.34% for the day. The total traded volume was 7,652,428 . The stock had closed at $22.69 on the previous day.
The company shares have dropped -56.90% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $54.00 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $21.40 and the 200 Day Moving Average price is recorded at $29.61.
On the companys insider trading activities,The officer (Chief Financial Officer & EVP) of Seagate Technology Plc, Morton David H Jr sold 8,038 shares at $23.79 on June 6, 2016. The Insider selling transaction had a total value worth of $191,224. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Jefferies maintains their rating on the shares of Seagate Technology. (NASDAQ:STX). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $26 per share from $25 per share. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 1.28% of Seagate Technology. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -30.97% . Institutional Investors own 85.71% of Seagate Technology. shares. During last six month period, the net percent change held by insiders has seen a change of -8.47%.
Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Companys products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers. The Companys products are designed for enterprise servers and storage systems for applications, client compute applications and client non-compute applications. The Companys product and solution portfolio for the enterprise data storage industry includes storage enclosures, integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup, data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs, Mobile HDDs and SSHDs, NAS HDDs, and Surveillance HDDs, among others.