Trade Alert – What’s Up With Seagate Stock (STX) – Trading The Sell-Off – Feb 25 2015

Put buying is increasing in Seagate Stock with more than 6,000 March 6 puts sold on Tuesday for $1.13 to $1.55. One large group was done at $1.37 for 5,162 puts. Interest has increased more than 200% over normal volumes. The drop in the stock may also have something to do with CEO Stephen Luczo selling of 50,000 shares on Monday at an average price of $61.87. This reduced significantly the number of shares the CEO holds to 112,130.

For a lot of investors, that kind of action means something is up at Seagate and the stock is trending lower.

This is a trade alert on Seagate Stock for FullyInformed USA Members.

Seagate Stock Trade Alert

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