Shares of Seagate Technology. (STX) Sees Large Outflow of Money

Seagate Technology. (STX): The stock had negative money flow to the tune of ($2.18 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $19.83 million, whereas, the outflow of money on downticks was $22.01 million and the ratio between the two was 0.9. The block trade had a negative net money flow of ($0.35 million). The total block trade value undertaken on upticks was $1.57 million. On the other hand, downticks amounted to $1.92 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.82. Seagate Technology. (STX) closed with marginal gains of 18 cents to end the day at $23.7, an increase of 0.74% over the previous days close. The stock recorded -1.39% for the week.


Seagate Technology. (STX) : The highest level Seagate Technology. (STX) is projected to reach is $45 for the short term and the lowest estimate is at $15. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $26.39 and the possibility the share price can swing is $7.37. The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 7.3%.

Seagate Technology. (NASDAQ:STX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.02 and $23.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.73, notching a gain of 0.89% for the day. The total traded volume was 7,494,165 . The stock had closed at $23.52 on the previous day.

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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