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Seagate Technology plc (STX - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $40.47 to $42.99 in the past one month time frame.
The upside was driven by rumors of the company being one of the early investors in the crypto currency Ripple, which can boost Seagate’s earnings.
The company has seen estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Seagate currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Is STX going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Seagate (STX) in Focus: Stock Moves 7.1% Higher
Seagate Technology plc (STX - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $40.47 to $42.99 in the past one month time frame.
The upside was driven by rumors of the company being one of the early investors in the crypto currency Ripple, which can boost Seagate’s earnings.
The company has seen estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Seagate currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Seagate Technology PLC Price
Seagate Technology PLC Price | Seagate Technology PLC Quote
Another stock worth considering in the Computer- Storage Devices industry is NetApp, Inc. (NTAP - Free Report) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Is STX going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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