Seagate Technology. (STX) : Traders are bullish on Seagate Technology. (STX) as it has outperformed the S&P 500 by a wide margin of 19.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 18.59%, 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 20.37% in the last 1 week, and is up 24.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 18.61% and the 50-Day Moving Average is 28.16%.
Seagate Technology. (NASDAQ:STX): The stock opened at $29.40 on Friday but the bulls could not build on the opening and the stock topped out at $29.43 for the day. The stock traded down to $28.30 during the day, due to lack of any buying support eventually closed down at $28.90 with a loss of -0.99% for the day. The stock had closed at $29.19 on the previous day. The total traded volume was 6,444,387 shares.
The company Insiders own 1.28% of Seagate Technology. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -30.97% . Institutional Investors own 85.71% of Seagate Technology. shares. During last six month period, the net percent change held by insiders has seen a change of -8.47%. In a related news, The Securities and Exchange Commission has divulged that Morton David H Jr, officer (Chief Financial Officer & EVP) of Seagate Technology Plc, had unloaded 8,038 shares at an average price of $23.79 in a transaction dated on June 6, 2016. The total value of the transaction was worth $191,224.
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.