Notable Gains in Options Trading for Seagate and Others
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 06 2026
0mins
Notable gainers among liquid option names this morning include Seagate (STX) $465.52 +36.16, Applovin (APP) $407.05 +20.68, Micron (MU) $384.37 +18.13, Western Digital (WDC) $309.18 +14.20, and Sandisk Corporation (SNDK) $725.40 +23.81.
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Analyst Views on STX
Wall Street analysts forecast STX stock price to fall
18 Analyst Rating
14 Buy
3 Hold
1 Sell
Moderate Buy
Current: 519.600
Low
150.00
Averages
310.39
High
465.00
Current: 519.600
Low
150.00
Averages
310.39
High
465.00
About STX
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Seagate Technology Added to J.P. Morgan's Positive Catalyst Watch List
- Positive Industry Outlook: J.P. Morgan's inclusion of Seagate Technology on its 'Positive Catalyst Watch' list indicates the company's strong positioning to benefit from robust data center demand and pricing tailwinds, which is expected to drive future performance growth.
- Price Target Increase: The firm raised Seagate's price target from $525 to $600, reflecting analysts' confidence in the company's technological transition, particularly as it has begun shipping next-generation HAMR solutions to data center customers.
- Financial Performance Expectations: Seagate is anticipated to report adjusted EPS of $3.48 and revenue of $2.95 billion in its fiscal 2026 Q3 earnings, a significant increase from $1.90 EPS and $2.16 billion revenue in the same quarter last year, indicating ongoing improvement in profitability.
- Risk Factors Noted: Despite the optimistic outlook, analysts caution that a slowdown in cloud capital expenditure on AI infrastructure could pose risks to demand growth forecasts for the HDD industry, necessitating close monitoring of market dynamics.
See More
Tech Stocks Rebound, Nvidia on 11-Day Winning Streak
- Nvidia's Strong Performance: Nvidia shares rose about 1% as investors returned to tech stocks, positioning the company for an 11th consecutive winning session, marking the longest streak on record and reflecting renewed market confidence in the tech sector.
- Caterpillar Acquisition News: Caterpillar's stock dropped approximately 5% following reports of its acquisition of Monarch Tractor, a self-driving electric tractor company, which, while pressuring short-term stock performance, may enhance its competitive edge in the automated agricultural equipment market.
- Nike Insider Transactions: Nike shares advanced over 3% after CEO Elliott Hill and director Tim Cook disclosed purchases of over 23,000 and 25,000 shares, respectively, totaling around $2.1 million, indicating strong executive confidence in the company's future and potentially attracting more investor interest.
- DoorDash's Technological Outlook: DoorDash shares surged 8% after Barclays analysts highlighted its leadership in autonomous food delivery technology, which is expected to further drive market share growth and strengthen its competitive position in the industry.
See More
US Stocks Show Mixed Movement Amid Optimism Over Middle East Peace Talks
- Market Performance: The S&P 500 Index rose by 0.36%, reaching a two-month high, while the Nasdaq 100 increased by 0.63%, marking a 2.5-month high, reflecting investor optimism surrounding potential peace talks in the Middle East.
- Economic Data: The April Empire Manufacturing Survey reported a rise of 11.2 in the general business conditions index to 11.0, surpassing expectations, indicating a robust manufacturing recovery; however, the April NAHB housing market index fell to 34, signaling weakness in the housing sector that could dampen investor confidence.
- Oil Price Fluctuations: WTI crude oil prices increased by over 1% due to the U.S. naval blockade in the Strait of Hormuz, which could exacerbate global oil and fuel shortages, impacting profitability in related sectors.
- Earnings Season: Q1 earnings for the S&P 500 are projected to grow by 12% year-over-year, but excluding the technology sector, growth is only expected to be around 3%, indicating a slowdown in overall earnings growth that may affect market sentiment.
See More
US Stocks Show Modest Gains Amid Optimism Over Middle East Peace Talks
- Market Performance: The S&P 500 index rose by 0.10% and the Nasdaq 100 by 0.15%, reflecting optimism surrounding potential peace talks in the Middle East, with the S&P 500 reaching a two-month high and the Nasdaq 100 a 2.5-month high.
- Supportive Economic Data: The April Empire manufacturing survey reported a rise of 11.2 in the general business conditions index to a five-month high of 11.0, surpassing expectations of 0.0, indicating a strong economic recovery that could further boost investor confidence.
- Impact of Rising Oil Prices: WTI crude oil prices increased by over 1% as the US implemented a naval blockade in the Strait of Hormuz, potentially exacerbating global oil and fuel shortages, which could affect market supply-demand dynamics and lead to stock volatility.
- Earnings Season Insights: Q1 earnings for the S&P 500 are projected to grow by 12% year-over-year, but excluding the technology sector, growth is only expected at 3%, indicating a lack of overall earnings momentum that may affect long-term investor confidence.
See More
Significant Premarket Moves in US Stocks
- Bank of America Beats Expectations: Bank of America reported Q1 earnings of $1.11 per share and revenue of $30.43 billion, surpassing analyst expectations of $1.01 and $29.93 billion, driven by strong performance in its equity sales and trading unit, which is likely to bolster investor confidence.
- Broadcom and Meta Partnership: Broadcom announced a collaboration with Meta to deliver 1 gigawatt of custom chips, with plans for multiple gigawatts in the future, leading to a stock increase of over 2.5%, which not only strengthens Broadcom's position in the chip market but also enhances its long-term growth potential.
- Morgan Stanley's Strong Earnings: Morgan Stanley's Q1 earnings reached $3.43 per share with revenue of $20.58 billion, exceeding analyst expectations, resulting in a 2% stock increase, reflecting robust growth in trading revenues and boosting investor confidence in its future performance.
- Snap's Layoff Announcement: Snap announced plans to lay off up to 16% of its workforce, resulting in a stock increase of over 5%, as the company aims to reallocate resources towards improving net income profitability, indicating a strategic shift in response to market challenges.
See More
Micron Shares Surge 45% Near Record High Amid Profit-Taking
- Stock Performance: Micron Technology (MU) shares have surged 45% over the past 10 trading days, nearing record highs, although they retreated nearly 2% in early Wednesday trading, indicating profit-taking by investors.
- Investor Sentiment: Despite the significant price increase, retail sentiment on Stocktwits remains ‘bearish’, suggesting a lack of confidence in breaking through all-time highs, which could impact future stock performance.
- Executive Sell-off: Micron's Chief Business Officer, Sumit Sadana, sold 224,021 shares at an average price of $421.35 last week, totaling $10 million, raising concerns about the company's outlook among investors.
- Industry Dynamics: The demand for memory chips continues to surge due to AI data centers, and while analysts predict robust demand for the coming years, investors are cautious about further gains for Micron and other memory stocks after exceptional performance over the past year.
See More
Seagate Technology Added to J.P. Morgan's Positive Catalyst Watch List
- Positive Industry Outlook: J.P. Morgan's inclusion of Seagate Technology on its 'Positive Catalyst Watch' list indicates the company's strong positioning to benefit from robust data center demand and pricing tailwinds, which is expected to drive future performance growth.
- Price Target Increase: The firm raised Seagate's price target from $525 to $600, reflecting analysts' confidence in the company's technological transition, particularly as it has begun shipping next-generation HAMR solutions to data center customers.
- Financial Performance Expectations: Seagate is anticipated to report adjusted EPS of $3.48 and revenue of $2.95 billion in its fiscal 2026 Q3 earnings, a significant increase from $1.90 EPS and $2.16 billion revenue in the same quarter last year, indicating ongoing improvement in profitability.
- Risk Factors Noted: Despite the optimistic outlook, analysts caution that a slowdown in cloud capital expenditure on AI infrastructure could pose risks to demand growth forecasts for the HDD industry, necessitating close monitoring of market dynamics.
See More
Tech Stocks Rebound, Nvidia on 11-Day Winning Streak
- Nvidia's Strong Performance: Nvidia shares rose about 1% as investors returned to tech stocks, positioning the company for an 11th consecutive winning session, marking the longest streak on record and reflecting renewed market confidence in the tech sector.
- Caterpillar Acquisition News: Caterpillar's stock dropped approximately 5% following reports of its acquisition of Monarch Tractor, a self-driving electric tractor company, which, while pressuring short-term stock performance, may enhance its competitive edge in the automated agricultural equipment market.
- Nike Insider Transactions: Nike shares advanced over 3% after CEO Elliott Hill and director Tim Cook disclosed purchases of over 23,000 and 25,000 shares, respectively, totaling around $2.1 million, indicating strong executive confidence in the company's future and potentially attracting more investor interest.
- DoorDash's Technological Outlook: DoorDash shares surged 8% after Barclays analysts highlighted its leadership in autonomous food delivery technology, which is expected to further drive market share growth and strengthen its competitive position in the industry.
See More
US Stocks Show Mixed Movement Amid Optimism Over Middle East Peace Talks
- Market Performance: The S&P 500 Index rose by 0.36%, reaching a two-month high, while the Nasdaq 100 increased by 0.63%, marking a 2.5-month high, reflecting investor optimism surrounding potential peace talks in the Middle East.
- Economic Data: The April Empire Manufacturing Survey reported a rise of 11.2 in the general business conditions index to 11.0, surpassing expectations, indicating a robust manufacturing recovery; however, the April NAHB housing market index fell to 34, signaling weakness in the housing sector that could dampen investor confidence.
- Oil Price Fluctuations: WTI crude oil prices increased by over 1% due to the U.S. naval blockade in the Strait of Hormuz, which could exacerbate global oil and fuel shortages, impacting profitability in related sectors.
- Earnings Season: Q1 earnings for the S&P 500 are projected to grow by 12% year-over-year, but excluding the technology sector, growth is only expected to be around 3%, indicating a slowdown in overall earnings growth that may affect market sentiment.
See More
US Stocks Show Modest Gains Amid Optimism Over Middle East Peace Talks
- Market Performance: The S&P 500 index rose by 0.10% and the Nasdaq 100 by 0.15%, reflecting optimism surrounding potential peace talks in the Middle East, with the S&P 500 reaching a two-month high and the Nasdaq 100 a 2.5-month high.
- Supportive Economic Data: The April Empire manufacturing survey reported a rise of 11.2 in the general business conditions index to a five-month high of 11.0, surpassing expectations of 0.0, indicating a strong economic recovery that could further boost investor confidence.
- Impact of Rising Oil Prices: WTI crude oil prices increased by over 1% as the US implemented a naval blockade in the Strait of Hormuz, potentially exacerbating global oil and fuel shortages, which could affect market supply-demand dynamics and lead to stock volatility.
- Earnings Season Insights: Q1 earnings for the S&P 500 are projected to grow by 12% year-over-year, but excluding the technology sector, growth is only expected at 3%, indicating a lack of overall earnings momentum that may affect long-term investor confidence.
See More
Significant Premarket Moves in US Stocks
- Bank of America Beats Expectations: Bank of America reported Q1 earnings of $1.11 per share and revenue of $30.43 billion, surpassing analyst expectations of $1.01 and $29.93 billion, driven by strong performance in its equity sales and trading unit, which is likely to bolster investor confidence.
- Broadcom and Meta Partnership: Broadcom announced a collaboration with Meta to deliver 1 gigawatt of custom chips, with plans for multiple gigawatts in the future, leading to a stock increase of over 2.5%, which not only strengthens Broadcom's position in the chip market but also enhances its long-term growth potential.
- Morgan Stanley's Strong Earnings: Morgan Stanley's Q1 earnings reached $3.43 per share with revenue of $20.58 billion, exceeding analyst expectations, resulting in a 2% stock increase, reflecting robust growth in trading revenues and boosting investor confidence in its future performance.
- Snap's Layoff Announcement: Snap announced plans to lay off up to 16% of its workforce, resulting in a stock increase of over 5%, as the company aims to reallocate resources towards improving net income profitability, indicating a strategic shift in response to market challenges.
See More
Micron Shares Surge 45% Near Record High Amid Profit-Taking
- Stock Performance: Micron Technology (MU) shares have surged 45% over the past 10 trading days, nearing record highs, although they retreated nearly 2% in early Wednesday trading, indicating profit-taking by investors.
- Investor Sentiment: Despite the significant price increase, retail sentiment on Stocktwits remains ‘bearish’, suggesting a lack of confidence in breaking through all-time highs, which could impact future stock performance.
- Executive Sell-off: Micron's Chief Business Officer, Sumit Sadana, sold 224,021 shares at an average price of $421.35 last week, totaling $10 million, raising concerns about the company's outlook among investors.
- Industry Dynamics: The demand for memory chips continues to surge due to AI data centers, and while analysts predict robust demand for the coming years, investors are cautious about further gains for Micron and other memory stocks after exceptional performance over the past year.
See More
