Seagate Technology Surges to Top 240 Most Actively Traded Stocks with $713 Million in Shares Exchanged

On April 9, 2025, Seagate Technology (STX) experienced a significant surge in trading volume, with a total of $713 million in shares exchanged, marking an 82.68% increase from the previous day. This surge placed Seagate among the top 240 most actively traded stocks for the day, highlighting a notable shift in investor interest.

Seagate Technology has projected its third-quarter 2025 revenues to fall between $1.95 billion and $2.25 billion, with earnings per share anticipated to range from $1.50 to $1.90. These projections reflect the company's expectations for the upcoming quarter, providing a glimpse into its financial outlook.

Analysts have revised their earnings per share estimates for Seagate Technology, reducing their forecasts for fiscal years 2025 and 2026 by 15% to 18%. Additionally, price targets have been lowered by an average of 30% to account for the slowing market conditions. This adjustment underscores the cautious sentiment among analysts regarding the company's future performance.

Seagate Technology's stock price has shown high volatility, with significant fluctuations observed on April 9, 2025. The stock price ended the trading day at $74.29, reflecting a notable increase from the previous day's close. The stock experienced a wide trading range, moving from a low of $63.21 to a high of $76.02, indicating substantial intraday price movements.

Technical indicators suggest that Seagate Technology's stock is currently in a falling trend, with a potential for further declines in the short term. The stock's price movements have been influenced by both positive and negative signals, with volume increasing alongside the price, which is generally seen as a positive technical sign. However, the long-term moving average holds a sell signal, indicating a more negative outlook for the stock.

Support levels for Seagate Technology's stock are identified at $71.53, where accumulated volume provides a potential buying opportunity. The stock is considered high-risk due to its significant daily price movements and wide prediction intervals from the Bollinger Band. The recommended stop-loss for the stock is not set, reflecting a negative evaluation of its current performance.