What To expect before WDC earnings announcement?

23 July 2024, 1:25 PM

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By Dmitry Pargamanik

WDC Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, WDC stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.3% Gains
WDC is scheduled to report earnings on 31-Jul-2024. The last time Western Digital reported earnings on Apr 25, 2024, the stock increased by 2.8% to close at $71.36. At its current price of $72.80, WDC post earnings drift is +2.0%. Typically, traders tended to bid up WDC shares (heading into earnings) prior to its scheduled release.

WDC Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves WDC had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 2.3%. That was actually a better bullish play than holding WDC through earnings that saw a -1.3% decline.

WDC historical stock price movement before earnings

Go to WDC Historical Price Movements Around Earnings page



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