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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.
Seagate Tech Hldgs trades on the NASDAQ stock market under the symbol STX.
As of March 28, 2024, STX stock price declined to $93.05 with 2,863,603 million shares trading.
STX has a beta of 1.51, meaning it tends to be more sensitive to market movements. STX has a correlation of 0.25 to the broad based SPY ETF.
STX has a market cap of $19.49 billion. This is considered a Large Cap stock.
Last quarter Seagate Tech Hldgs reported $2 billion in Revenue and $.12 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.18.
In the last 3 years, STX stock traded as high as $117.67 and as low as $47.47.
The top ETF exchange traded funds that STX belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
STX has outperformed the market in the last year with a price return of +54.6% while the SPY ETF gained +33.6%. However, in the short term, STX had mixed performance relative to the market. It has underperformed in the last 3 months, returning +9.4% vs +10.1% return in SPY. But in the last 2 weeks, STX shares have fared better than the market returning +5.7% compared to SPY +1.7%.
STX support price is $92.34 and resistance is $96.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STX stock will trade within this expected range on the day.