Stocks with increasing unusual option volume: STX CSCO
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- Wall St set for higher open but weekly losses loom
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Supermicro probe finds no senior management link to export violations
- SpaceX shares fall as second lockup period ends
- Hertz Global amends voting agreement with CK Amarillo after lawsuit
Seagate Technology (STX) PT Raised to $40 at Susquehanna Following December Preannouncement
January 9, 2018 7:34 AM ESTSusquehanna raised its price target on Seagate Technology (NASDAQ: STX) to $40.00 (from $39.00) while maintaining a Neutral rating following a positive preannouncement of the December Quarter. The strength in Nearline and Client HDD were driving upside to overall HDD unit shipments for the industry, with... More
Seagate Technology (STX) Gains as Wall Street Debates Ripple Investment
January 8, 2018 3:27 PM ESTSeagate Technology (NASDAQ: STX) gained 7% Monday amid speculation about the company's investment in cryptocurrency Ripple. A blog post earlier argued that Seagate's investment in Ripple is worth $7.8 billion based on Ripple's XRP holdings of over $180 billion (before today's 25% plunge). Seagate invested in Ripple's... More
Seagate (STX) Ripple Stake Worth ~$2B, Not ~$8B - Cowen
January 8, 2018 12:28 PM ESTCowen analyst Karl Ackerman weighed in on Seagate Technology (NASDAQ: STX) amid speculation the company's Ripple investment could be worth ~$8 billion.
While Ackerman thinks STX still holds a minority position in Ripple, he thinks the stake is just ~$2 billion, not the ~$8... More
