Seagate Technology, the disk drive manufacturer based in the Cayman Islands with operations in Scotts Valley, said Wednesday it will move trading in its shares from the New York Stock Exchange to the Nasdaq market as of Sept. 16, according to a press release the company put out Wednesday.
“We are delighted to make the move to the NASDAQ and look forward to leveraging their impressive trading platform to reach investors in key markets around the world,” said Bill Watkins, Seagate CEO. “With this move we are ensuring that our investors have access to fast, high-quality trades in a more cost-effective structure for Seagate. We look forward to joining the impressive group of leading technology companies already listed on the NASDAQ.”
The company will retain its current ticker symbol — STX — rather than switch to the more-usual four-lettered symbols had by most companies trading on Nasdaq.