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Do Traders Think Seagate Technology Holdings PLC (STX) Can Keep Climbing Tuesday?

Tuesday, May 17, 2022 12:41 PM | InvestorsObserver Analysts

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Do Traders Think Seagate Technology Holdings PLC (STX) Can Keep Climbing Tuesday?

The market has been high on Seagate Technology Holdings PLC (STX) stock recently. STX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Seagate Technology Holdings PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on STX!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With STX Stock Today?

Seagate Technology Holdings PLC (STX) stock is trading at $86.84 as of 12:34 PM on Tuesday, May 17, a rise of $4.01, or 4.84% from the previous closing price of $82.83. The stock has traded between $83.60 and $87.25 so far today. Volume today is low. So far 844,175 shares have traded compared to average volume of 1,915,488 shares. To screen for more stocks like Seagate Technology Holdings PLC click here.

More About Seagate Technology Holdings PLC

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated. Click Here to get the full Stock Report for Seagate Technology Holdings PLC stock.

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