Shares of Seagate Technology. (STX) Sees Large Inflow of Net Money Flow

Seagate Technology. (STX): $0.68 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 2.5. The value of trades done on upticks was $1.13 million, whereas, trades done on downticks were valued at $0.45 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.85 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.85 million. Seagate Technology. (STX) fell $0.11 traded at $33.6, a change of -0.33% over the previous day. The stock is 0.81% for the week.


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 -21.33% . Institutional Investors own 84.55% of Seagate Technology. shares. During last six month period, the net percent change held by insiders has seen a change of -24.25%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & CTO) of Seagate Technology Plc, Re Mark had sold 5,800 shares worth of $194,764 in a transaction dated August 31, 2016. In this transaction, 5,800 shares were sold at $33.58 per share.

Seagate Technology. (NASDAQ:STX): The stock opened at $33.79 and touched an intraday high of $34.25 on Friday. During the day, the stock corrected to an intraday low of $33.47, however, the bulls stepped in and pushed the price higher to close in the green at $33.92 with a gain of 0.62% for the day. The total traded volume for the day was 2,723,726. The stock had closed at $33.71 in the previous trading session.

Seagate Technology. (STX) : Traders are bullish on Seagate Technology. (STX) as it has outperformed the S&P 500 by a wide margin of 5.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.26%, 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 1.77% in the last 1 week, and is up 5.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

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