On August 24, Seagate Technology PLC fell 3.53% in pre-market trading, trading at $825.9/share, with turnover of $3.03 million.
On the news front, CEO William D. Mosley filed Form 144 on August 22, planning to sell 18,200 shares of common stock through Morgan Stanley, valued at approximately $15.46 million. Earlier on August 8, CFO Gianluca Romano also filed a selling plan for 22,211 shares worth approximately $18.94 million. Two core executives announcing large-scale disposals in quick succession has weighed on market sentiment.
Meanwhile, the broader Technology Hardware, Storage & Peripherals sector is under pressure. SanDisk Corp. fell 4.49%, Western Digital fell 3.03%, Super Micro Computer fell 2.07%, and Dell Technologies fell 1.52%, with sector-wide weakness amplifying individual stock declines.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)