DJ Western Digital Corp. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Western Digital Corp. $(WDC)$ rose 3.96% to $41.74 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,237.86 and the Dow Jones Industrial Average rising 0.67% to 33,274.58.
Western Digital Corp. closed $5.40 short of its 52-week high ($47.14), which the company reached on October 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Seagate Technology Holdings PLC $(STX)$ rose 4.38% to $71.24 and NetApp Inc. $(NTAP)$ rose 0.78% to $73.35.
Trading volume (21.0 M) eclipsed its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2023.
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November 01, 2023 17:15 ET (21:15 GMT)
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