Large Inflow of Money Detected in Seagate Technology.

Seagate Technology. (STX) : Investors lapped up stocks on upticks to the tune of $3.21 million in the Tuesdays trading session. The trading value on downticks was comparatively at $1.38 million and the uptick to downtick ratio of 2.33 indicates continuous buying by the bulls. The net money flow into the stock was $1.83 million. Upticks saw transactions worth $1.43 clearly indicating buying by large investors. The total money flow for block trades stood at $1.43 million, which is a positive for the stock in the long-term. Seagate Technology. (STX) fell $0.01 during the day at $33.72, a drop of -0.03% over the previous days close. However, for the week, the stock is 1.17%, compared to the previous week.


Also, Barclays maintains their rating on the shares of Seagate Technology. (NASDAQ:STX). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $36 per share from $34 per share. The rating by the firm was issued on August 16, 2016.

Shares of Seagate Technology plc rose by 5.6% in the last five trading days and 4.59% for the last 4 weeks. Seagate Technology plc is up 47.41% in the last 3-month period. Year-to-Date the stock performance stands at -2.56%.

Seagate Technology. (NASDAQ:STX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.50 and $33.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.92, notching a gain of 0.56% for the day. The total traded volume was 2,929,512 . The stock had closed at $33.73 on the previous day.

In a related news,The officer (SVP & CTO) of Seagate Technology Plc, Re Mark sold 3,082 shares at $32.5 on August 9, 2016. The Insider selling transaction had a total value worth of $100,165. 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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