🔴 Seagate Technology is trading 4.5% down in pre-market — Profit-taking appears likely after sharp rally

Seagate Technology is trading 4.5% down at $950, with the decline appearing more consistent with profit-taking or position reduction after a sharp recent rally.

• Its August 17 close reached $994.79.
• August 18 coverage highlights strong fiscal 2026 results, AI-driven storage demand, and long-term supply agreements.
• Memory stocks are rising pre-market; no specific negative catalyst has been confirmed.