Seagate Technology (STX) Stock Soars 0.89% on Q3 Earnings

Seagate Technology's (STX) stock price rose to its highest level since March 2025 today, with an intraday gain of 0.89%.

The strategy of buying STX shares after they reach a recent high and holding for one week resulted in a 8.05% return over the past five years, compared to a benchmark return of 39.28%. The strategy had a Sharpe ratio of 0.76, a maximum drawdown of -2.05%, and a volatility of 4.56%. The CAGR was 3.44%.

Seagate Technology's stock price has been positively influenced by several factors in recent months. The company reported impressive Q3 earnings, which contributed to a significant increase in its share price. Additionally, Seagate's financial results surpassed expectations, with a notable year-over-year sales increase. Technological advancements and growing demand for mass capacity storage are also projected to boost revenue and expand operating margins. These factors have led to increased investor confidence, as evidenced by Northern Trust Corp raising its stake in the company and Mizuho raising its stock price target.