WDC Pre-Earnings History Points to a Sharp Rally

17 April 2024, 12:38 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 2.8% Gains
WDC is scheduled to report earnings on 25-Apr-2024. The last time Western Digital reported earnings on Jan 25, 2024, the stock dropped by -3.5% to close at $58.23. At its current price of $70.26, WDC post earnings drift is +20.7%. 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 2.8%. That was actually a better bullish play than holding WDC through earnings that saw a -1.6% decline.

WDC historical stock price movement before earnings

Go to WDC Historical Price Movements Around Earnings page



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