Why Seagate Technology Jumped Today

·1 min read
Why Seagate Technology Jumped Today

Shares of Seagate Technology PLC (NASDAQ: STX) jumped today after tech stocks rallied in the broader market and after an analyst's investor note suggested a new cryptocurrency could boost demand for hard disks. Many technology stocks were rebounding today after taking a hit for most of this year. Investors appear interested in tech stocks again after several months of a sell-off.