Seagate Earnings Preview: Options Imply 12% Swing
STX Seagate Technology Holdings Plc
$506.14 +9.79%
View chart & analysis → - 1Seagate (STX) is set to report earnings after Tuesday's close, and traders are bracing for a sharp move in the stock.
- 2Recent options pricing implies a swing of up to 12% by the weekend, pointing to levels above $900 or near $720 intraday on Monday.
- 3Shares have tripled year-to-date but are off about 30% from last month's high, and Morgan Stanley is expecting an earnings beat with raised guidance.
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