🔴 Seagate Technology is trading 4.05% down today as Kioxia tempers expectations for memory-price gains

Seagate Technology is trading 4.05% down now at $827.44 as investors extend profit-taking across memory and storage stocks.

• Kioxia’s CEO said memory prices have risen sufficiently and instructed sales teams not to pursue substantial further increases, tempering expectations for continued pricing gains.
• The broader DRAM and memory sector is also declining, making sector pressure the clearest explanation for Seagate Technology’s move.