Seagate Technology Holdings plc
|Company Name||Seagate Technology Holdings plc|
On October 26, 2022, before the market opened, Seagate disclosed that it has been warned by the federal government that it may have violated export control laws by selling hard drives to a customer on the trade blacklist, which is reportedly China-based Huawei.
On this news, Seagate’s stock fell $4.61, or 7.9%, to close at $53.39 on October 26, 2022, thereby injuring investors.
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