Shares of Seagate Technology. (NASDAQ:STX) Sees Large Outflow of Money

Seagate Technology. (NASDAQ:STX) During the most recent session, the shares traded at 0.09 points or 0.38% higher at $23.52. The money flow data is unimpressive with the net money flow value of $(-0.77) million. As per the intraday data, the upticks measured $1.02 million and the downticks measured $1.79 million. As a result, the up/down ratio registered a value of 0.57. The shares have seen 1.29% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $1.1 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-1.1) million.


The stock has recorded a 20-day Moving Average of 4.44% and the 50-Day Moving Average is 3.86%. The company shares have dropped 55.19% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $53.99 and one year low was seen on May 12, 2016 at $18.42. The 50-day moving average is $21.45 and the 200 day moving average is recorded at $29.45. S&P 500 has rallied 1.93% during the last 52-weeks.

Seagate Technology. (NASDAQ:STX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.38 and $23.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.86, notching a gain of 1.84% for the day. The total traded volume was 3,550,523 . The stock had closed at $23.43 on the previous day.

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 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.

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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