On July 17, Seagate Technology fell 5.42% in pre-market trading, trading at approximately 703.43 USD/share, with turnover of approximately 2.09 million USD.

The decline follows consecutive days of heavy selling across the global storage sector. In the prior session, SanDisk plunged 9.70%, SK Hynix dropped 8.46%, Western Digital fell 8.03%, and Seagate declined 8.02%. Bear sentiment has spread to Asia-Pacific markets, with the Nikkei 225 index extending losses to 4% and Kioxia shares hitting limit down. Market participants are aggressively profit-taking from AI hardware and storage chip high-momentum trades, with additional competitive pressure stemming from CXMT's large-scale IPO. Despite JPMorgan raising Seagate's target price from 920 USD to 1,095 USD while maintaining an overweight rating, persistent sector-wide selling pressure continues to suppress any rebound. Pre-market peers SanDisk and Western Digital declined 6.06% and 6.27% respectively, confirming the continuation of broad bearish positioning across the storage complex.

(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.)