Seagate Technology plc (STX) Is At $59.64 Formed Wedge; Ovid Therapeutics (OVID) Sellers Increased By 69.55% Their Shorts

Seagate Technology plc (NASDAQ:STX) Logo

Seagate Technology plc (STX) formed wedge up with $62.03 target or 4.00% above today’s $59.64 share price. Seagate Technology plc (STX) has $16.99 billion valuation. The stock decreased 0.43% or $0.26 during the last trading session, reaching $59.64. About 2.07M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since April 22, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Ovid Therapeutics Inc (NASDAQ:OVID) had an increase of 69.55% in short interest. OVID’s SI was 335,700 shares in April as released by FINRA. Its up 69.55% from 198,000 shares previously. With 177,700 avg volume, 2 days are for Ovid Therapeutics Inc (NASDAQ:OVID)’s short sellers to cover OVID’s short positions. The SI to Ovid Therapeutics Inc’s float is 2.79%. The stock decreased 1.58% or $0.16 during the last trading session, reaching $9.98. About 51,476 shares traded. Ovid Therapeutics Inc. (NASDAQ:OVID) has 0.00% since April 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Since October 23, 2017, it had 0 buys, and 13 insider sales for $32.49 million activity. On Tuesday, April 10 the insider LUCZO STEPHEN J sold $277,200. The insider BRACE PHILIP G sold 12,000 shares worth $557,280. Shares for $316,360 were sold by MORTON DAVID H JR on Monday, October 23. On Wednesday, January 31 MURPHY JAMES J sold $781,850 worth of Seagate Technology plc (NASDAQ:STX) or 14,175 shares. PARK CHONG SUP had sold 4,026 shares worth $218,290. 8,715 shares were sold by Moyo Dambisa F, worth $339,965. Geldmacher Jay L also sold $235,833 worth of Seagate Technology plc (NASDAQ:STX) on Friday, February 23.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.11, from 0.78 in 2017Q3. It is positive, as 52 investors sold Seagate Technology plc shares while 161 reduced holdings. 80 funds opened positions while 109 raised stakes. 244.40 million shares or 5.86% less from 259.60 million shares in 2017Q3 were reported. Tudor Invest Corporation Et Al holds 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 14,691 shares. Moreover, Parkside Fincl Bank has 0% invested in Seagate Technology plc (NASDAQ:STX) for 132 shares. Riverhead Ltd Co reported 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX). Zeke Capital Advisors Ltd holds 7,550 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.01% or 25,879 shares. Pdt Prtnrs Ltd Llc holds 816,282 shares or 0.99% of its portfolio. Zwj Counsel holds 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 4,787 shares. Sandy Spring Bancshares owns 173 shares. Moreover, Cetera Ltd Liability has 0.01% invested in Seagate Technology plc (NASDAQ:STX) for 5,027 shares. Raymond James Na has invested 0.03% in Seagate Technology plc (NASDAQ:STX). Pinnacle Assoc Ltd holds 27,387 shares. Nikko Asset Management Americas Inc has 0.2% invested in Seagate Technology plc (NASDAQ:STX) for 206,200 shares. Juncture Wealth Strategies Ltd reported 14,800 shares or 0.35% of all its holdings. Fuller And Thaler Asset Inc has invested 0.04% in Seagate Technology plc (NASDAQ:STX). Exane Derivatives owns 18,581 shares.

Among 35 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 22 Hold. Therefore 29% are positive. Seagate Technology Plc has $153 highest and $15 lowest target. $51.63’s average target is -13.43% below currents $59.64 stock price. Seagate Technology Plc had 140 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Sector Weight” rating by Pacific Crest on Friday, October 16. The company was maintained on Tuesday, March 6 by UBS. The firm has “Neutral” rating given on Tuesday, October 11 by JP Morgan. The stock of Seagate Technology plc (NASDAQ:STX) has “Sector Perform” rating given on Tuesday, October 11 by FBN Securities. The firm earned “Strong Buy” rating on Thursday, October 20 by Needham. The stock of Seagate Technology plc (NASDAQ:STX) has “Buy” rating given on Thursday, October 15 by Maxim Group. The rating was maintained by Needham with “Strong Buy” on Monday, August 3. The stock of Seagate Technology plc (NASDAQ:STX) earned “Buy” rating by Deutsche Bank on Wednesday, October 21. As per Tuesday, November 14, the company rating was initiated by Wells Fargo. S&P Research maintained the shares of STX in report on Thursday, October 8 with “Strong Buy” rating.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on May, 1 before the open. They expect $1.31 earnings per share, up 19.09% or $0.21 from last year’s $1.1 per share. STX’s profit will be $373.12M for 11.38 P/E if the $1.31 EPS becomes a reality. After $1.48 actual earnings per share reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -11.49% negative EPS growth.

Seagate Technology plc (NASDAQ:STX) Ratings Chart