Seagate Technology Holdings plc’s Stock Price Dips to $103.52, Recording a Sharp 8.10% Decline

Seagate Technology Holdings plc (STX)

103.52 USD -9.12 (-8.10%) Volume: 8.76M

Seagate Technology Holdings plc’s stock price stands at 103.52 USD, witnessing a drop of 8.10% this trading session with a trading volume of 8.76M, despite a strong YTD performance, showcasing an increase of 21.26%.

Latest developments on Seagate Technology Holdings plc

Seagate Technology Holdings PLC (STX) has been in the spotlight recently, with investors closely watching its performance amidst the backdrop of high growth tech stocks to watch in October 2024. The company’s Q1 2025 earnings call transcript revealed key insights into its financial health and future prospects, influencing the movement of its stock price. Furthermore, the TSX Composite Index (TXCX) quote and the overall market trend of falling stocks due to rising bond yields and expectations of slower Fed rate cuts have also played a significant role in shaping Seagate’s stock price movements today.

A look at Seagate Technology Holdings plc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Seagate Technology Holdings PL, a company known for its computer hardware products, has received mixed reviews on its long-term outlook according to Smartkarma Smart Scores. While the company excels in areas such as dividend and resilience, scoring a 5 out of 5 in both categories, its value and growth scores are not as strong. With a growth score of 2 and a value score of 0, Seagate may face challenges in expanding its market share and maintaining competitive pricing in the future.

Despite some concerns, Seagate Technology Holdings PL shows promise in terms of momentum, scoring a 4 out of 5 in this category. This indicates that the company may have positive momentum in its stock performance and business operations. Overall, Seagate’s strong focus on dividends and resilience could help mitigate risks and uncertainties in the market, providing stability for investors in the long run.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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