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Thursday, December 1, 2011

Investment Firm Upgrades and Downgrades​: (STX)

Seagate Tech (STX) recently had their rating changed from Hold to Buy. Argus is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. Shares of STX traded higher by 0.29% or $0.05/share to $17.15. In the past year, the shares have traded as low as $9.05 and as high as $18.60. On average, 10269200 shares of STX exchange hands on a given day and today's volume is recorded at 6274771.