Seagate (STX) Up 39% in the Past Year: Will the Rally Last?

Seagate Technology Holdings plc (STX) is witnessing strong momentum, with shares having rallied 39.4% in the past year compared with the S&P 500 Composite’s 28.6% growth.At present, the stock carries a Zacks Rank #2 (Buy). Apart from a favorable rank, STX has a Momentum Score of A. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a Momentum Score of A or B offer solid investment opportunities.The stock is down 14.5% from its 52-week high level of $101.26 ...