Seagate's 38.91% Volume Drop Drives 0.83% Stock Decline, Ranks 456th in Daily Activity

Seagate Technology (NASDAQ:STX) closed at a 0.83% decline on August 15, 2025, with a trading volume of $0.22 billion, reflecting a 38.91% drop compared to the previous day. The stock ranked 456th in trading activity for the session.

Citigroup Inc. increased its stake in Seagate by 17.0% during the first quarter, holding 217,563 shares valued at $18.48 million as of its latest SEC filing. Meanwhile, Golden State Wealth Management LLC raised its position by 2,200.0%, now owning 460 shares worth $39,000. Several other institutional investors, including Ameriflex Group Inc. and Elequin Capital LP, initiated new positions in the first and fourth quarters, collectively adding approximately $80,000 to Seagate’s equity holdings.

Insider activity highlighted significant sell-offs. Director Michael R. Cannon sold 24,190 shares for $2.88 million, reducing his ownership by 69.06%. Executive Vice President Ban Seng Teh sold 63,418 shares for $7.93 million, cutting his stake by 81.23%. In total, insiders sold 430,270 shares valued at $53.17 million during the last quarter.

Seagate announced a $5 billion stock repurchase program on May 22, allowing the company to repurchase up to 21.6% of its outstanding shares. The board also declared a quarterly dividend of $0.72 per share, payable on October 9, yielding 1.8% annually. Recent analyst activity included upgrades from Morgan Stanley and Robert W. Baird, with price targets raised to $188 and $180, respectively. However, Susquehanna maintained a "negative" rating, citing mixed outlooks.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a cumulative return of 1.08 times the initial investment, with total profits reaching $10,720 as of the latest data. Fluctuations in performance were attributed to market dynamics during the period.