Seagate Technology (STX) stock fell by 3.45% despite reaching a 52-week high after a strong earnings announcement, likely due to profit-taking by investors following recent gains and insider stock sales.lg...Expand
Seagate Technology's stock (STX) fell 3.45% after the company issued a slightly weaker-than-expected revenue and earnings forecast for the September quarter, despite an upgrade from Cantor Fitzgerald citing strong cloud storage demand.
The stock decline can be attributed to the forecast miss, primarily due to slower growth in the enterprise business and the impacts of higher stock prices and convertible notes.lg...Expand