Seagate is due to report earnings after the closing bell Tuesday, with options pricing suggesting traders see its stock swinging as much as 12% in either direction by the end of the week.
The stock has slipped off its highs in recent weeks amid a broader pullback in the AI trade.
Seagate is slated to report earnings after the closing bell Tuesday, and traders are anticipating a big move from the hard drive maker's stock following the results.
Based on recent options pricing, traders expect Seagate (STX) shares could swing as much as 12% in either direction by the end of the week. A move of that size from the stock's level midday trading Monday could see the shares rebound above $900, where they were earlier this month, or drag them down to around $720.
The shares have tripled in value since the start of the year, though they've slipped roughly 30% from their highs last month amid a broader pullback in the AI trade in recent weeks.
#shares #tuesday #closing
The stock has slipped off its highs in recent weeks amid a broader pullback in the AI trade.
Seagate is slated to report earnings after the closing bell Tuesday, and traders are anticipating a big move from the hard drive maker's stock following the results.
Based on recent options pricing, traders expect Seagate (STX) shares could swing as much as 12% in either direction by the end of the week. A move of that size from the stock's level midday trading Monday could see the shares rebound above $900, where they were earlier this month, or drag them down to around $720.
The shares have tripled in value since the start of the year, though they've slipped roughly 30% from their highs last month amid a broader pullback in the AI trade in recent weeks.
#shares #tuesday #closing
1 day ago
