Large Outflow of Money Witnessed in Seagate Technology.

Seagate Technology. (NASDAQ:STX) During the most recent session, the shares traded at 0.01 points or 0.04% higher at $23.15. The money flow data is unimpressive with the net money flow value of $(-1.01) million. As per the intraday data, the upticks measured $0.23 million and the downticks measured $1.24 million. As a result, the up/down ratio registered a value of 0.19. The shares have seen -2.07% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $1.05 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-1.05) million.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Morton David H Jr, officer (Chief Financial Officer & EVP) of Seagate Technology Plc, had unloaded 8,038 shares at an average price of $23.79 in a transaction dated on June 6, 2016. The total value of the transaction was worth $191,224.

Seagate Technology. (NASDAQ:STX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.46 points or 1.99% at $22.68 with 5,400,295 shares getting traded. Post opening the session at $23.11, the shares hit an intraday low of $22.66 and an intraday high of $23.45 and the price was in this range throughout the day. The company has a market cap of $6,770 million and the number of outstanding shares have been calculated to be 298,483,730 shares. The 52-week high of Seagate Technology. (NASDAQ:STX) is $54.215 and the 52-week low is $18.4201.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Jefferies maintains its ratings on Seagate Technology. (NASDAQ:STX). In the latest research report, Jefferies raises the target price from $25 per share to $26 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 2, 2016.

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.

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