Seagate stock is frozen for Presidents Day — here’s what traders watch Tuesday
Seagate shares closed down 1.2% at $425.99 Friday ahead of a $600 million exchange of Seagate HDD Cayman notes, expected to close around Feb. 17. U.S. markets will be closed Monday for Presidents Day, with trading set to resume Tuesday. The exchange involves cash and unregistered shares, with investors watching for impacts on Seagate’s share count and debt.