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Stock Market & Financial Investment News

News Breaks
October 12, 2012
09:41 EDTSTXSeagate is in a new bearish pattern on the daily chart, levels to watch
The shares are under-performing peers and the broader market this morning, last down over 2.7%. There is an active bearish pattern on the daily chart, which is a large scale inverted, bearish, cup and handle. First downside for the pattern, if it remains active and completes, is to the $24 to $23.50 area. Resistance is at $27.90. The pattern would no longer be active on a move back above $28. Citigroup earlier downgraded the shares to Sell, and cut its price target to $25. Reasons for the downgraded cited were deteriorating demand in the hard disk industry.
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June 13, 2013
07:47 EDTSTXSeagate and Western Digital price targets raised at Brean Capital
Brean Capital raised its price targets on both Seagate (STX) and Western Digital (WDC) citing free cash flow and gross margin stability. The firm favors Western Digital based on valuation and potential for greater incremental catalysts and raised its price target to $85 from $65. Seagate price target was raised to $54 from $43. Both are Buy rated.
June 10, 2013
07:13 EDTSTXFBN Securities to host a tour
4th Annual Semi-Annual Silicon Valley Technology Bus Tour travels throughout Silicon Valley June 10-11.
June 4, 2013
07:44 EDTSTXBofA/Merrill to host a conference
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05:58 EDTSTXStocks with implied volatility movement; MNKD STX
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