Seagate Technology. (STX) : Traders are bullish on Seagate Technology. (STX) as it has outperformed the S&P 500 by a wide margin of 1.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.47% in the last 1 week, and is up 2.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Seagate Technology plc is up 58.4% in the last 3-month period. Year-to-Date the stock performance stands at -7.13%. The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 16.21%.
Seagate Technology. (NASDAQ:STX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.91 and $31.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.33, notching a gain of 0.81% for the day. The total traded volume was 2,659,053 . The stock had closed at $32.07 on the previous day.
Also, Barclays maintains its view on Seagate Technology. (NASDAQ:STX) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Barclays raises the price target from $34 per share to $36 per share on Seagate Technology.. The rating by the firm was issued on August 16, 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.