Pre-Market Technical Recap on Data Storage Devices Stocks -- Seagate Technology, Western Digital, Pure Storage, and Teradata
NEW YORK, September 21, 2017 /PRNewswire/ --
If you want a Stock Review on STX, WDC, PSTG, or TDC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The Digital Storage Devices market is projected to grow at a CAGR of 24.67% during 2017-2022, to reach US$7.830 billion by 2022 from US$2.600 billion in 2017, according to WiseGuyReports. Increasing volume of data, primarily because of rapidly digitizing end-user industries like banking, government and healthcare, among others, is driving the digital storage devices market. This morning, DailyStockTracker.com monitors four Data Storage Devices stocks, namely: Seagate Technology PLC (NASDAQ: STX), Western Digital Corp. (NASDAQ: WDC), Pure Storage Inc. (NYSE: PSTG), and Teradata Corp. (NYSE: TDC). Daily Stock Tracker provides great insights on these stocks in its free research reports at:
http://dailystocktracker.com/register/
Seagate Technology
Ireland headquartered Seagate Technology PLC's shares rose 0.62%, finishing Wednesday's trading session at $32.38. A total volume of 4.59 million shares was traded. In the last month, the stock has advanced 2.92%. The Company's shares are trading below their 50-day moving average by 3.91%. Moreover, shares of Seagate Technology, which provides data storage technology and solutions in Singapore, the US, the Netherlands, and internationally, have a Relative Strength Index (RSI) of 44.43.
On September 11th, 2017, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'.
On September 18th, 2017, Seagate Technology announced the signing of a strategic cooperation agreement with Baidu, the leading Chinese language Internet search provider. The pact renews an existing agreement between the two firms signed in September 2014, under which Baidu would give priority to Seagate when selecting storage products and solutions, and Seagate would give advanced access to products, services and support to Baidu, as well as assign a dedicated team of engineers to the Company. Free research report on STX is available at:
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Western Digital
On Wednesday, shares in California headquartered Western Digital Corp. recorded a trading volume of 7.76 million shares, which was above their three months average volume of 4.33 million shares. The stock ended the session 3.95% lower at $86.37. The Company's shares have gained 2.99% in the last one month and 27.11% on an YTD basis. The stock is trading 5.07% above its 200-day moving average. Furthermore, shares of Western Digital have an RSI of 43.73.
On September 14th, 2017, Western Digital announced the new G-Technology® brand G-DRIVE® mobile SSD R-Series device, the fastest G-Technology portable SSD. With the latest-generation USB-C™ connectivity and transfer speeds up to 560MB/s, digital content creators will be able to unleash their creativity in new places and work with large creative files like videos, photos, and music faster. The complimentary research report on WDC can be downloaded at:
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Pure Storage
Shares in California headquartered Pure Storage Inc. closed at $14.83, climbing 0.68% from the last trading session. The stock recorded a trading volume of 1.08 million shares. The Company's shares have gained 16.77% in the last one month, 15.32% over the previous three months, and 31.12% since the start of this year. The stock is trading 9.81% and 23.62% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Pure Storage have an RSI of 61.11.
On August 30th, 2017, Pure Storage announced that Major League Baseball franchise, the San Diego Padres, has selected FlashStack™, a joint solution from the Company and Cisco, to run all mission-critical operations and improve overall fan engagement. With FlashStack, the Padres' 70-plus person sales team has uninterrupted access to critical customer data, which provides the team with a complete, 360-view of each fan in and out of the ballpark and enables a more unique, personalized fan experience. Visit DailyStockTracker.com today and access our complete research report on PSTG at:
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Teradata
Ohio headquartered Teradata Corp.'s stock ended 0.67% higher at $33.20 with a total trading volume of 1.46 million shares. The Company's shares have advanced 10.15% in the last one month, 14.48% over the previous three months, and 22.19% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.36% and 11.38%, respectively. Furthermore, shares of Teradata have an RSI of 68.94.
On September 11th, 2017, research firm Needham initiated a 'Hold' rating on the Company's stock.
On September 19th, 2017, Teradata announced that Andeavor, a Fortune 150 highly integrated marketing, logistics, and refining company, is realizing excellent results from its Teradata Analytic Platform. Andeavor operates ten refineries with a combined capacity of approximately 1.2-million barrels per day in 18 states, mainly the mid-continent and western US. The use of the Teradata system radically accelerates information processing, saving the refining business millions of dollars a year. Get free access to your research report on TDC at:
http://dailystocktracker.com/registration/?symbol=TDC
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