Western Digital Corp has received a variety of responses among financial experts, from negative sentiments warning investors against the corporation, to positivity from those who see the company as an undervalued asset with potential for growth. The company has showcased a mixed performance in the market, despite some analysts being bullish about its prospects, believing it is an attractive tech option to buy. Notably, reports highlight that
CEO David Goeckeler sold 75,000 shares of the company, and EVP & GM, Flash Business Robert Soderbery sold 12,154 shares, possibly indicating a bearish outlook. On the positive side, investors are taking notice of its increasing attraction. Western Digital has also registered a 4.81% increase recently.
Jim Cramer has cited a demand uptick for storage as part of the AI data center theme. The company has reportedly seen 50% gains this year, with AI demand driving the rise. Reportedly, Western Digital's Thailand Project has been greenlit, and the corporation has outperformed competitors within the
Semiconductors sector. However, despite some stock surges in response to strong earnings, the company's shares have also experienced declines, indicating a volatile market standing. The recent decision to spin-off its flash memory business has garnered a positive response.
Western Digital Corp WDC News Analytics from Mon, 22 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 09:27:07 GMT -
Rating 1
- Innovation 7
- Information 9
- Rumor -3
