Home / Street Sector / Active Movers in Hot Line: JPMorgan Chase (NYSE:JPM), Seagate Technology (NASDAQ:STX)

Active Movers in Hot Line: JPMorgan Chase (NYSE:JPM), Seagate Technology (NASDAQ:STX)

JPMorgan Chase & Co. (NYSE:JPM) [Trend Analysis] plunged reacts as active mover, shares a decrease -2.47% to traded at $77.40 and the percentage gap among open changing to regular change was -1.44%. Conflicting information on whether JPMorgan Chase & Co (JPM) CEO Jamie Dimon could become U.S. Treasury secretary as part of President-elect Donald Trump’s Cabinet cast a cloud of uncertainty over the nation’s largest bank on Wednesday. Tweets from Fox Business News reporters on Wednesday were the recent indication that Dimon was still in the running for the job.

But initial word from anchor Maria Bartiromo that he would “get” the job was quickly knocked down. JPMorgan spokespeople have declined to make any official comment about the idea of Dimon joining the Trump administration since Nov. 10, when reports first surfaced that he was a contender for Treasury secretary. Dimon declined to comment through a representative on Wednesday. A Trump transition team source told Reuters that Dimon is “pitching hard” for the Treasury role. The firm past twelve months price to sales ratio was 5.10 and price to cash ratio remained 0.25. As far as the returns are concern, the return on equity was recorded as 9.50% and return on investment was 6.60% while its return on asset stayed at 0.90%. The firm has total debt to equity ratio measured as 1.36.

Seagate Technology plc (NASDAQ:STX) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.65% to close at $38.26 with the total traded volume of 2.6 Million shares. Seagate (NASDAQ:STX) reported that it has introduced a 5TB version of its Backup Plus Portable line of hard-drives, in what it’s claiming is “the largest capacity mobile drive on the market.”

Put simply, if you need more storage on a single device than everyone else on the go, Seagate wants to be your only option. If you’re wondering how big and heavy a 5TB portable hard-drive must be, the Seagate 5TB measures 11.5×7.8x2cm (LxWxD) in dimensions almost twice as thick as a Backup Plus Slim drive (1.2cm) and weighs less than a quarter of a kilogram, at 247 grams.

That’s been made possible by Seagate’s new technology behind its 5TB BarraCuda internal hard-drive, which was itself reported only last month. That means you can use the 5TB Backup Plus Portable without an external power source, which is convenient especially if you’re on the move.

And there aren’t any data speed trade-offs, with the new Seagate drive capable of 120MB/s over a USB 3.0 connection. The 5TB drive doesn’t ship with a USB Type-C cable though, so you’ll need to use a dongle if you buy a laptop that only has USB Type-C ports. The firm has institutional ownership of 88.50%, while insider ownership included 0.20%. Its price to sales ratio ended at 1.04. STX attains analyst recommendation of 2.70 with week performance of 10.07%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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