Seagate Technology (STX) Cloimbs on Q4 Forecast

Seagate Technology PLC (NASDAQ: STX) shares rose 21.8% to $29.35 as the company issued a strong revenue forecast for the fourth quarter and announced plans to lower 14% of its global workforce by the end of fiscal 2017. Share volume was 18.1 million, compared to an all-day average of 8.1 million