Large Outflow of Money Witnessed in Seagate Technology.

Seagate Technology. (STX) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.92 million) in Seagate Technology. (STX). On Tuesday, The value of composite uptick trades was $51.55 million, whereas, the value of composite downtick trades was $53.48 million and the ratio between the two was 0.96, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $9.02 million. $3.67 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.41. The negative money flow of ($5.35 million) shows selling on strength. Seagate Technology. (STX) gained $4.73 intraday at $28.82 and registrered 19.63% for the week.


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 85.73% of Seagate Technology. shares. During last six month period, the net percent change held by insiders has seen a change of -8.47%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer & EVP) of Seagate Technology Plc, Morton David H Jr had sold 8,038 shares worth of $191,224 in a transaction dated June 6, 2016. In this transaction, 8,038 shares were sold at $23.79 per share.

Shares of Seagate Technology plc rose by 26.73% in the last five trading days and 26.84% for the last 4 weeks. Seagate Technology plc has dropped 13.52% during the last 3-month period . Year-to-Date the stock performance stands at -15.69%.

Seagate Technology. (NASDAQ:STX): stock turned positive on Tuesday. Though the stock opened at $27.48, the bulls momentum made the stock top out at $29.54 level for the day. The stock recorded a low of $27.47 and closed the trading day at $29.35, in the green by 21.83%. The total traded volume for the day was 29,492,343. The stock had closed at $24.09 in the previous days trading.

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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