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 movement is influenced by increased demand for nearline HDD and improved gross margin estimates. Analysts from Wells Fargo and Citi have upgraded their price targets, citing advancements in storage technology and potential growth in UltraSMR capacities as key positive factors.
More about Western Digital
YTD Price Performance: 156.94%
Average Trading Volume: 8,354,230
Technical Sentiment Signal: Buy
Current Market Cap: $39.57B
For further insights into WDC stock on TipRanks’ Stock Analysis page.
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