STX · Seagate Technology Holdings plc

Seagate Technology Holdings PLC STX

Designs and manufactures hard disk drives and data storage systems for enterprises and consumers.

Daily briefSeptember 11, 2026

Seagate slides in profit-taking after note settlement dilutes shares

-3.73% to $830.17 from $862.33

A Form 8-K filing confirmed Seagate issued about 1.65 million ordinary shares and paid roughly $151 million in cash to fully settle its 3.50% exchangeable senior notes due 2028, adding to share supply and diluting existing holders.
Analysts characterized the decline as profit-taking after Seagate’s large 2026 run-up rather than new company-specific news, noting broad storage- and memory-sector benchmarks gained the same day.
Fellow storage stock SanDisk also fell while Micron held roughly flat, pointing to sector-wide rotation rather than a Seagate-specific issue.

Sources: ad-hoc-news.de · 24/7 Wall St.

Daily briefAugust 24, 2026

-6.51% to $794.65 from $850.00

Seagate shares fell amid broad profit-taking in memory and storage names following a months-long rally.
CEO William Mosley and CFO Gianluca Romano sold a combined roughly $23 million of stock on Aug. 21 under pre-arranged 10b5-1 trading plans.
Other executives, including the company’s chief legal officer, also sold shares in transactions disclosed the same week.
The sales reflect scheduled diversification by executives sitting on stock that has multiplied several times over, rather than a signal about the business, according to the report.

Sources: TheStreet · TradingView News · Tikr

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