Seagate Technology PLC is trading 5.4% down at $829.26 as investors take profits after a strong recent run-up and rotate out of high-beta tech stocks.
- The decline follows a broader sector selloff with the Nasdaq Composite down sharply, signaling a weakening of overall market risk appetite.
- Seagate’s move appears to be driven by macroeconomic and tech-sector pressures rather than any company-specific news or fundamental developments.