Chairman and CEO Luczo Bought $1.8 Million of Seagate Shares

According to a SEC filing published on January 29, Steve Luczo, the new CEO of Seagate, bought 500,000 shares of its company at $3,5582 each, for a total of $1,779,100.

According to The Wall Street Journal, "it was the first open-market purchase of Seagate stock reported by Mr. Luczo since he helped take the company public in 2002, and only the second by an insider at Seagate in more than five years."