On August 6, Seagate Technology PLC fell 3.41% in pre-market trading, trading at 807.1 USD/share, with turnover of 163.25万美元.

On the news front, the storage sector faced broad-based selling pressure after SanDisk reported quarterly guidance below market expectations, triggering a sector-wide rout. Peer Western Digital plunged over 14% and SanDisk dropped over 9%, dragging Seagate lower through sector linkage. Additionally, CEO William D. Mosley on August 3 reduced approximately 35,842 shares of common stock through a pre-established Rule 10b5-1 trading plan at prices ranging from $783 to $838, adding near-term sentiment pressure.

The current pullback follows a surge of over 20% since July 30, driven by Q4 earnings that beat expectations — revenue of $3.63 billion rose 48% year-over-year with gross margin hitting a record 52.7% — and collective target price upgrades from Citi, JPMorgan, Barclays, and BNP Paribas. The retreat reflects concentrated profit-taking after the rapid advance.

(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.)