Seagate Technology is trading at $894.79, down 3.07%, after a broad risk-off move in technology stocks.
- Higher Treasury yields pressured rate-sensitive technology valuations, with the 10-year yield reaching its highest level since 2007.
- Major indexes were also lower pre-market, including the Nasdaq Composite at -1.13%.
- September 24 is the $0.74 ex-dividend date; the mechanical adjustment is too small to explain the decline.