10-May-2024
Western Digital to Participate in Upcoming Investor Conferences
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Western Digital to Announce Third Quarter Fiscal 2024 Financial Results on April 25, 2024
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Western Digital Announces Update on Company Separation
Business Wire (Tue, 5-Mar 8:30 AM ET)
Business Wire (Mon, 4-Mar 8:00 AM ET)
Western Digital to Participate in Upcoming Investor Conference
Business Wire (Tue, 13-Feb 5:00 PM ET)
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Western Digital trades on the NASDAQ stock market under the symbol WDC.
As of May 10, 2024, WDC stock price declined to $71.60 with 3,487,504 million shares trading.
WDC has a beta of 2.02, meaning it tends to be more sensitive to market movements. WDC has a correlation of 0.37 to the broad based SPY ETF.
WDC has a market cap of $23.38 billion. This is considered a Large Cap stock.
Last quarter Western Digital reported $3 billion in Revenue and $.63 earnings per share. This beat revenue expectation by $97 million and exceeded earnings estimates by $.43.
In the last 3 years, WDC stock traded as high as $78.19 and as low as $29.73.
The top ETF exchange traded funds that WDC belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
WDC has outperformed the market in the last year with a return of +117.8%, while the SPY ETF gained +27.8%. In the last 3 month period, WDC beat the market returning +26.0%, while SPY returned +4.2%. However, in the most recent 2 weeks WDC has underperformed the stock market by returning +0.3%, while SPY returned +2.5%.
WDC support price is $70.10 and resistance is $74.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WDC stock will trade within this expected range on the day.