On a relative basis, the stock has outperformed the S&P 500 by 30.57% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.31% in the last 1 week, and is up 33.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Seagate Technology. (NASDAQ:STX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.48 and $31.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.13, notching a gain of 2.78% for the day. The total traded volume was 5,094,903 . The stock had closed at $31.26 on the previous day.
The stock has recorded a 20-day Moving Average of 6.31% and the 50-Day Moving Average is 23.46%. Seagate Technology plc is up 68.48% in the last 3-month period. Year-to-Date the stock performance stands at -7.7%.
Seagate Technology. (STX) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $45 and the lowest price target forecast is $15. The average forecast of all the analysts is $30.61 and the expected standard deviation is $5.9.
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.