NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. Today, a total of 12 block trades were
recorded, typically at least 10,000 shares of stock or more represent a single block unit.
Further examination shows that the bought value of the shares was $5,338,505
versus the sold value of $3,065,494. The positive cash flow of
$2,273,010 into the stock shows that investors have bullish
Options traders were busy as well, a total of 21,275 call and 3,167 put contracts were traded
yesterday yielding a 0.15 put/call ratio.
Seagate Technology PLC opened at $27.03 and the stock price declined $0.14 (0.51%)
to $27.09 in the last trading session. STX is trading between the range of
$26.42 - $27.14. To date, the stock has gained 75.45% within the last quarter.
Since 1979, Seagate has designed and manufactured hard disk drives used for storing electronic information. Hard drives are used in servers, PCs, laptops, and personal entertainment players. Of the company's revenue, 65%-75% comes from original-equipment manufacturers like Hewlett-Packard, Dell, and EMC; the balance is from distributors that resell to smaller firms, as well as retail stores. Revenue is split evenly between Asia and U.S./Europe. The company is the largest producer of mission-critical enterprise drives.