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Why Seagate Technology's Stock is Trading Lower Today

January 22, 2021 10:44 am
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Why Seagate Technology's Stock is Trading Lower Today

Seagate Technology's Stock Price And Volume Action

Seagate Technology's (NASDAQ:STX) stock has been falling Friday, down 6.58% to a price of $58.66. The stock's volume is currently 2.48 million, which is roughly 76.36% of its recent 30-day volume average of 3.25 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Seagate Technology shares are trading lower after the company reported Q2 results and issued Q3 guidance.

Further Analysis of Recent Price Action

The stock's 50-day moving average was $60.41 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $66.69 and fallen to a low of $39.02.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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