Seagate Technology Holdings plc (STX) shares gained 5.64 percent, rising $49.00 to $917.09 on Friday, likely continuing momentum from the company's announcement yesterday, that it will redeem all outstanding 3.50% Exchangeable Senior Notes due 2028.
The stock is currently trading at $917.09, compared with its previous close of $868.09 on the Nasdaq. During the session, shares opened at $880.19 and traded between $868.14 and $939.90. Trading volume reached 1.15 million shares, below its average daily volume of 3.94 million shares.
The move is viewed as a balance-sheet management initiative that could simplify the company's capital structure and reduce future debt-related obligations. Holders of the notes have until September 3, 2026, to exchange their securities before the scheduled redemption date of September 8, 2026.
Seagate shares have traded between $124.63 and $966.80 over the past 52 weeks.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.