Seagate Technology Holdings Plc (STX) experienced varying performance in the market. While instances of underperformance against competitors were reported, there were also days where the company's stock outperformed competitors. Asset management firms like Brown Advisory Inc. and Yousif Capital Management LLC reduced their holdings in STX, while Allianz Asset Management GmbH, Principal Financial Group Inc., and TCW Group Inc. increased their stake in the company. Seagate's Q3 earnings release had mixed results, with analysts' expectations beat by 79% and STX also reported Q2 2024 earnings. There were several transactions from insiders with SVP selling more than $1 million in stock and CFO Gianluca Romano offloading shares twice. Stock has underperformed Monday, Tuesday, Wednesday and Friday compared to competitors, contrasting with strong trading days where the stock outperforms the market. Seagate announced fiscal Q3 and Q2 2024 results, also dividend information and future financial results dates were shared. A strategic SWOT insight into STX suggests a potential market undervaluation. Despite some revenue decline, Seagate offset these with margin improvements and launched new PS5-Optimized PCIe Gen4 NVMe SSD and was upgraded for its AI potential.
Seagate Technology Holdings Plcs STX News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Wed, 29 May 2024 21:09:00 GMT -
Rating 0
- Innovation 2
- Information 4
- Rumor 1
