Western Digital Corp. (WDC) has been the center of investment attention with varying stock performance compared to its competitors. There's a continuous flow of funds into the company as indicated by the positions taken and increased by Czech National Bank, Banque Cantonale Vaudoise, High Point Advisor Group LLC, American International Group Inc., GAMMA Investing LLC, Mather Group LLC, and Wahed Invest LLC. Similarly, Vanguard Group Inc. and Gerber LLC have acquired and increased their shares. Analysts from Goldman Sachs and Morgan Stanley had a favorable perspective suggesting strong earnings growth and potential as a trending stock. The company, however, faced under-performance on several days despite daily gains and suffered a near 4% dip on revenue decline whilst posting a wider Q2 loss. Subsequently, news focused on WDC’s announcement of a company separation and spin-off of its Flash Memory Business. With Q3 2024 earnings nailed, new AI data cycle storage framework unveiled, and structural changes impacting the future, the outlook on WDC appears mixed. Insiders' sale of shares, split announcement, and legal chief’s departure instigated a bearish sentiment but the company outperformed competitors on various strong trading days. WDC's shares reached a new 1-year high of $81.15.
Western Digital Corp WDC News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Sat, 22 Jun 2024 10:23:09 GMT -
Rating 2
- Innovation 7
- Information 6
- Rumor 1
