Movement Alert|Seagate Technology PLC Falls 7.72% in Regular Trading, Storage Names Remain Under Broad Pressure

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On October 13, Seagate Technology PLC fell 7.72% in Regular Trading, trading around $697.88 per share, with turnover of $356 million.

The move coincided with broad weakness across storage-related names. On the same day, SK Hynix fell more than 5% ahead of the open, while Micron Technology, Western Digital and SanDisk also traded lower, indicating sector-wide pressure rather than a company-specific catalyst.

Background reports also showed sharp declines in Korean technology shares, with SK Hynix down 10.09% and Samsung Electronics down 7.38%. Foreign ownership in Samsung Electronics fell to 46.37%, around a 17-year low, while foreign holdings in SK Hynix stayed in the 49% range for eight straight sessions, reinforcing cautious sentiment toward the memory and storage cycle.

(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.)

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