Clearly not paying suppliers and mass layoffs are working. This stock is going to the moon.
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Down, down, down.
ValueAct has filed an SEC document showing they plan to sell 5.75 million shares.
I agree Mosley sale looks suspicious.
Analysts are pointless when a company is not selling any long term investiment.
And now here come the analyst downgrades. Mosley’s timing is impeccable.
Lowest at 64.22
And down she goes. Layoffs incoming. I told you so.
Seagate is next Nvidia..as per Longmont folks..lot of data to storage and Seagate is undisputed leader.
Enjoy your pay cut and no raise or bonus. D got 21 million plus divys
$21.3 million in stock sold on 8/31 and 9/1. 52-week high was also reached on 9/1. CFO gave negative guidance at an investor conference on 9/5. Looks fishy to me.
The man has to eat doesn't he?
Seagate Technology Holdings CEO Mosley Sells 298,860 Shares for $21.3 Million
AI technology is fueling the drive for more storage. Seagate best of time is yet to welcome...
Sell sell sell
This is classic pump & dump by the criminal CEO/CFO duo. Won’t last long, this quarter is sh---y.
Once the large buyers have fully depleted their own stocks of unused hard drives Seagate and WD could/will see some sales improvement, the question is when. Many of our departments outside of wafer have been so gutted it would 4 to 5 years to get them working again if at all. We are in a terrible spot should sales come back to anything near normal. Makes me wonder if California has any clue how bad things are in the actual product fabs.
Sometimes when you drive off a cliff, you hit a bit of a slope and launch upwards quickly before the eventual fall. Look for the zero G moment in the next 2 months.
Pay cut / layoff again to cut cost
Big D qualify for stock expert if STX really wiped lol
Well it got it's usual bump by confirmation of the dividend yesterday, so there is that. Shareholders and executives are happy. Employees, contractors and suppliers.....not so much.