- Seagate Technology Holdings (STX) rebukes 11.51% in the day, reaching March 5 in 91.51 $.
- STX obtained income for 2.16 billion dollars, above market estimates.
The Seagate Technology Holdings (STX) securities established a minimum of the day at $ 85.47, attracting buyers who promoted the price of the action to maximums not seen since March 5, 2025 in 95.51 $. At this time, STX is quoted over $ 91.03, winning 11.56% on Wednesday.
Seagate Technology surprises investors with an excellent quarterly report
The American company specialized in manufacturing storage equipment, Seagate Technology (STX), has a gain of 11.56% today, reaching eight -week maximums not seen since March 5 in 91.53 $ after making its profit report known.
STX obtained income for 2.16 billion dollars, exceeding 2.12 billion dollars projected by analysts, as well as an share of $ 1.90 compared to the $ 1,739 expected by the market.
In this context, Wells Fargo has reduced the target price for STX to 105 $ from $ 120. On the other hand, Evercore adjusted the shares of stx to the rise, placing them at $ 110 from $ 100.
In this scenario, STX titles end with a streak of three consecutive days with losses, reaching March 5 in 91.51 $.
STX technical levels
Seagate Technology (STX) shares reacted up from a short -term support given by the minimum of April 9 to $ 63.19. To the north we observe a resistance at $ 111.91, maximum of January 22. The next key resistance zone is found at $ 115.32, maximum of October 15, 2024.
STX DAILY GRAPH
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
