Western Digital ( (WDC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Western Digital’s stock has been on the rise as analysts increase price targets, spurred by favorable economic conditions and an early-stage earnings multiple re-rating. The surge is also fueled by strong demand from the AI boom and the company’s leadership in hybrid SMR capacities. However, it’s worth noting that insider sentiment remains negative, with several insiders recently selling shares.
More about Western Digital
YTD Price Performance: 168.12%
Average Trading Volume: 8,509,864
Technical Sentiment Signal: Buy
Current Market Cap: $41.29B
For further insights into WDC stock on TipRanks’ Stock Analysis page.
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