Seagate Technology PLC (STX) 10-Year Stock Report

by admin

Seagate Technology PLC (STX) is a storage company that has been traded on the NASDAQ exchange for the last decade. This 10-year stock report provides investors with a comparison of STX’s past performance compared to the broader market and other similar stocks. The results may surprise you.

This company’s stock price has underperformed the market during the past year. In the same period, the SPY ETF lost -14.8%, and STX was down by -0.7%. However, the company is projected to grow at a 3.45% annual rate. While the company’s growth is below the market average, it remains attractive to investors despite the recent dip in its stock price.

Seagate Technology Holdings PLC’s stock price fell 9% in premarket trading on Tuesday. The company, which makes hard disk drives and other data storage technologies, hinted at a deterioration in industry trends toward the end of the year. It said it was warned by the U.S. government that it sold hard disk drives to a Chinese company, Huawei, in violation of U.S. law.

You may also like

Leave a Comment