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Why is Seagate Technology Holdings Plc (STX) Stock down?

We've noticed a 8.10% decline in Seagate Technology Holdings Plc (STX) stock during the 2024-10-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
07 Sep, 2023:

Seagate Technology Holdings plc (STX) experienced an 10.94% decline, with its stock price falling to $63.44. This decline came after Barclays downgraded the stock from Overweight to Equal-Weight. Additionally, Seagate Technology's subsidiary, Seagate HDD Cayman, announced plans to offer $1.3 billion in exchangeable senior notes due in 2028 through a private placement.

https://finance.yahoo.com/news/seagate-announces-offering-exchangeable-senior-223900761.html

$31.59
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computer_hardware WDC
$60.24
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$64.40
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$118.45
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$81.77
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