Western Digital Corporation (WDC) Dips 4.46% for February 07

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday February 07 was Western Digital Corporation (WDC). The stock experienced a 4.46% decline to $45.86 with 7 million shares changing hands.

Western Digital Corporation started at an opening price of 47.29 and hit a high of $47.50 and a low of $45.45. Ultimately, the stock took a hit and finished the day at $2.14 per share. Western Digital Corporation trades an average of n/a shares a day out of a total 289.42 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Western Digital Corporation hit a high of $106.96 and a low of $33.83 over the last year.

Western Digital is a global leader in the hard disk drive market. The company develops, manufactures, and provides data storage solutions to consumers, businesses, and governments. The company's product portfolio includes hard disk drives, solid-state drives, and public and private cloud data center storage solutions. Western Digital's SanDisk acquisition positions the company as a broad-based provider of media-agnostic storage solutions.

With its headquarters located in San Jose, CA, Western Digital Corporation employs 71,600 people. After today’s trading, the company’s market cap has fallen to $13.27 billionAs for its value, has a P/E ratio of <17.4, a P/S of 0.72, a P/B of 1.22, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Western Digital Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: WDC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer



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