Seagate Technology (STX) Jumps: Stock Rises 5.4%

Seagate Technology plc STX was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 1.4% in the past one-month time frame.

The stock gained after the company was upgraded by Morgan Stanley to Overweight.

The company has seen no estimate revisions over the past few weeks and 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 Technology currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

Seagate Technology PLC Price

Seagate Technology PLC Price | Seagate Technology PLC Quote

A better-ranked stock in the Computer- Storage Devices industry is Western Digital Corporation WDC, which currently 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

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