Stocks of Seagate Technology Holdings Plc (NASDAQ:STX) traded higher last session on Wall Street, up 4.02% to $109.53.
STX stock price is now 9.04% away from the 50-day moving average and 25.69% away from the 200-day moving average. The market capitalization of the company currently stands at $23.00B.
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With the price target enhanced from $110 to $135, TD Cowen maintained Buy rating for Seagate Technology Holdings Plc (NASDAQ: STX). On June 05, 2024, BofA Securities reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $110, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Teh Ban Seng, EVP & Chief Commercial Officer sold 10,742 shares of the company’s stock on Jun 11 ’24. The stock was sold for $1,074,200 at an average price of $100.00. Upon completion of the transaction, the EVP & Chief Commercial Officer now directly owns 5,042 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, SVP, HDD & SDD Products & CTO Morris John Christopher sold 5,928 shares of the business’s stock. A total of $592,725 was realized by selling the stock at an average price of $99.99. This leaves the insider owning 12,185 shares of the company worth $1.33 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Seagate Technology Holdings Plc has had a low of $57.32 and a high of $109.63. The fifty day moving average price for STX is $100.7626 and a two-hundred day moving average price translates $87.3575 for the stock.
The latest earnings results from Seagate Technology Holdings Plc (NASDAQ: STX) was released for 2024-06-28. The company reported revenue of $1.66 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.02 percent.
