Large Inflow of Money Detected in Seagate Technology.

Seagate Technology. (STX) : Thursdays money flow data in Seagate Technology. (STX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $39.98 million, whereas, $37.32 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.07, in favor of the bulls. The total money flow into the stock was $2.65 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.08 million. The total value of block trades done on upticks was $8.12 million. The value of bearish trades on downticks was only $5.04 million.The up/down ratio in the block trades was a healthy 1.61 in favor of the bulls, suggesting strong buying in the stock by large traders. Seagate Technology. (STX) fell $0.64 and traded at $29.19, down -2.15% for the day, over previous days close. On a weekly basis, the shares are 21.57% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 21.41% and the 50-Day Moving Average is 30.64%. Shares have dropped -49.40% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $52.88 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $23.13 and the 200 Day Moving Average price is recorded at $28.20.

Seagate Technology. (NASDAQ:STX): The stock opened at $30.03 on Thursday but the bulls could not build on the opening and the stock topped out at $30.29 for the day. The stock traded down to $29.04 during the day, due to lack of any buying support eventually closed down at $29.19 with a loss of -2.15% for the day. The stock had closed at $29.83 on the previous day. The total traded volume was 7,786,522 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer & EVP) of Seagate Technology Plc, Morton David H Jr had sold 8,038 shares worth of $191,224 in a transaction dated June 6, 2016. In this transaction, 8,038 shares were sold at $23.79 per share.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.