STX | 02 June 2024 | AI Stock Analysis & News

Seagate Technology Holdings plc’s EVP & chief commercial officer sold shares worth over $920k, potentially impacting the stock price.

Stock AI’s forecasts:
🟢 +2.7% short-term ⬆️
🔴 +0.1% long-term ⬇️

Stock AI’s (STX) Forecast get (+21.8% Profit)

StockAI’s analysis delivers real-world results. On 17 January 2024, $STX ($82.89), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $100.99 (🟢21.8%). Buying STX on this signal yielded a +21.8% profit 💰💰.

STX-Seagate Technology Holdings plc News

🔴 Seagate Technology Holdings plc (STX) SVP John Christopher Morris sold 11,158 shares at $90.00 each, totaling $1,0… 🔴 Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in STX by 10.2% in the fourth quarter. 🔴 QRG Capital Management Inc. lessened its holdings in STX by 24.8% in the 4th quarter. 🔴 Spire Wealth Management reduced its stake in STX by 14.1% in Q4. 🔴 Aigen Investment Management LP decreased its holdings in STX by 66.1% in the fourth quarter. 🔴 Seagate Technology shares gapped down prior to trading on Tuesday, with a volume of 616,977 shares changing hands.

The recent news surrounding Seagate Technology Holdings plc (STX) has been a mix of positive and negative developments.

The sale of shares by SVP John Christopher Morris and EVP Ban Seng Teh may have a negative impact on investor sentiment, as insiders selling their holdings can be seen as a lack of confidence in the company’s future performance. Additionally, the decrease in holdings by Kentucky Retirement Systems Insurance Trust Fund, QRG Capital Management Inc., Spire Wealth Management, and Aigen Investment Management LP could signal a lack of faith in STX’s potential for growth.

However, some positive news, such as the upgrades by Zacks Research and Wedbush from neutral to outperform, may help boost investor confidence in STX. These upgrades could indicate that analysts see potential for growth in the company, which could lead to an increase in the stock price.

Overall, the mixed news for Seagate Technology Holdings plc (STX) suggests that there may be some volatility in the stock price in the short term. Investors should closely monitor developments and consider the potential impact on the stock’s performance.

STX-Seagate Technology Holdings plc Analyst Ratings

In recent analyst ratings for Seagate Technology Holdings plc (NASDAQ:STX) stock, we have seen mixed opinions from various firms.

📉 Wedbush upgraded Seagate Technology Holdings plc from a neutral rating to an outperform rating in a report published on Wednesday, with a $100.00 price target on the stock.

📈 Citigroup initiated coverage on Seagate Technology Holdings plc with a “buy” rating and a $110.00 price target on the stock.

📉 Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Seagate Technology Holdings plc in a recent report.

1. ETF Daily News – Wedbush upgrade
2. ETF Daily News – Citigroup coverage initiation
3. ETF Daily News – Zacks Research EPS estimates


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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