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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's not take a look at stocks under the hood today. I Missabelli filling in for Paul Sweeney with Scarlett Pool and we're joined by Bloomberg's Christine Aquino. Christine, what are we looking at? Well Isabell. Let's take a look at Seagates, so ticker STX. Those shares are up more than eight percent at the moment. So Seagate, it's a computer hardware company, and we're seeing trading volume rising to more than quid
ruple it's twenty day average according to Bloomberg Data. We did get news today saying that it's price starter was increased to two hundred and fifteen from one to seventy at Bank of America. And you know, at the end of August, Bloomery Intelligence did project the sixteen percent sales growth for fiscal twenty twenty six because they see its cloud dynamics as favorable because of data center deployments and
AI catalysts. So those chairs having a really good day today, okay, And Western Digital which is an old school tech company because they make hard drives. Yeah, absolutely scarlet, but they are proving to be popular with investors today. Western Digital Shares Sticker WDC. Those shares are up more than five percent at the moment, extending some of those opening games that we saw earlier. They're up for ten days as
the longest winning streak since July twenty nineteen. Training volume also doubling from the twenty day average during this time of day. So price target also raised for this company one to fifteen two or rather one fifteen from eighty five dollars at Benchmark, and last week Boomberg Intelligence saying that they see seventeen percent sales growth for this company in fiscal twenty twenty six twenty twenty six, and margin expansion looks favorable as well, and that could spur EPs
growth of about two percent above consensus. They're also say that the company does have long term packs that give it visibility for at least a year for its sales. What about Krteva, can you please tell us what this back is? Yes, Corteva ctv A dooh shares not doing too well, down more than three percent. So Corteva is actually the fifty billion agribusiness company that formed after the twenty seventeen merger of Dow Chemical and DuPont. So it's
a major player in the agribusiness. It's the world's one of the world's largest suppliers of genetically modified corn and soybean seeds, as well as pesticides. So the big news was actually out on Friday afternoon after it closed, the Wall Street Journal reporting that it's considering separating its seat and pesticide businesses and investors in analysts really not taking
that news well. This Monday morning, Blobery Intelligence weigh in, saying that a split quote would undermine product and a financial logic because it takes the company away from this idea of farming as a service. You know, that's a model that a lot of its competitors are adapting, but that potential separation would take Orteva away from that path.
The Stockmover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay, and Android Auto with the Bloomberg Business app.