Shares of Seagate Technology PLC
inched 0.90% higher to $79.20 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.44% to 4,077.91 and the Dow Jones Industrial Average
rising 1.13% to 33,527.19. This was the stock’s fourth consecutive day of gains. Seagate Technology PLC hit a new 52-week high, surpassing its previous peak of $78.50, which the company reached on April 1st.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp.
rose 2.77% to $249.07, HP Inc.
rose 1.28% to $32.46, and Western Digital Corp.
rose 0.94% to $72.04. Trading volume (2.2 M) remained 1.5 million below its 50-day average volume of 3.7 M.