Time New York: Mon 25 Jun 11:35 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Seagate (STX) in Focus: Stock Moves 7.1% Higher

Zacks

Seagate Technology plc STX 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.


Another stock worth considering in the Computer- Storage Devices industry is NetApp, Inc. NTAP 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.

Click here for Zacks' private trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.