Movement Alert|Seagate Technology PLC Falls 3.53% in Pre-Market Trading, CEO Plans to Sell Over $15 Million in Shares as Storage Sector Weakens

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Yesterday

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.

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