Western Digital Corp (WDC) is attracting attention, with investors and firms increasing and decreasing their stock positions. Notably, Park Avenue Securities LLC raised its stock position, and Tidal Investments LLC purchased WDC shares. However, an EVP’s sale of over $690k worth of company stock has been noted, and Cetera Advisors LLC and Sei Investments Co. both sold significant shares. Stock performance has been varied, with moments of underperformance compared to competitors, yet instances where it outperformed the market. Some investors show concern over the firm’s increasing losses and the dip in WDC’s stock price. Nevertheless, market performance and investor actions suggest some confidence in WDC’s prospects. The company’s Q4 earning reports surpassed expectations with strong earnings growth. In anticipation of future gains, multiple analysts have given WDC an average rating of 'Moderate Buy.' Strategic efforts are underway, including a company separation, as well as a presentation introducing a 'New Era of NAND.' The fiscal Q4 2024 financial result release is eagerly awaited by investors. Negative commentary still surrounds WDC, including weak demand for data storage products and revenue decline driving a near 4% dip in Western Digital's stock. Nevertheless, a recent price target raise by Susquehanna due to a promising NAND outlook is viewed as positive.
Western Digital Corp WDC News Analytics from Thu, 23 Nov 2023 08:00:00 GMT to Sun, 11 Aug 2024 11:04:37 GMT -
Rating 0
- Innovation -4
- Information 8
- Rumor -6
