Shares of Seagate Technology. (STX) Sees Large Inflow of Net Money Flow

Seagate Technology. (STX) : $2.26 million worth of transactions were on upticks in Seagate Technology. (STX), compared to $0.98 million on downticks. The ratio between the two was 2.31, whereas, the net money flow stood at a healthy $1.28 million on Fridays session. The consistent buying on upticks in the stock accounted for $1.24million worth of trades. The total money flow into the stock stood at $1.24 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.21%. The stock was trading at $31.15, with a drop of $0.07 over the previous days close. The stock recorded 7.8% for the week.


Seagate Technology. (STX) : The consensus price target for Seagate Technology. (STX) is $28.67 for the short term with a standard deviation of $6.32. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $15.

Seagate Technology. (NASDAQ:STX): stock turned positive on Friday. Though the stock opened at $31.38, the bulls momentum made the stock top out at $31.76 level for the day. The stock recorded a low of $31.06 and closed the trading day at $31.58, in the green by 1.15%. The total traded volume for the day was 4,602,621. The stock had closed at $31.22 in the previous days trading.

In a related news,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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