On September 2, Seagate Technology PLC fell 3.19% in regular trading, trading at 788.83 USD/share, with turnover of $562 million. The decline was driven by a large insider selling plan and broad weakness across the storage chip sector.

According to a Form 144 filing, CEO and Director William D. Mosley plans to sell 90,000 shares of the company's common stock via NASDAQ, with a total estimated market value of approximately $74.55 million. The planned shares include those obtained through option exercises and the vesting of restricted and performance stock units. Notably, this follows a prior reduction on August 21, when Mosley sold approximately 18,139 shares at around $849.35 per share. Consecutive large-scale insider selling plans have weighed on market sentiment.

Meanwhile, the broader storage and AI hardware sectors came under pressure. Within the Technology Hardware, Storage & Peripherals sector, performance was mixed: Dell Technologies Inc. rose 3.71%, while Western Digital fell 2.36%, SanDisk Corp. fell 0.77%, Hewlett Packard Enterprise fell 1.22%, and Apple fell 0.28%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)