Movement Alert｜Western Digital falls 6.51% in Regular Trading, storage stocks slide again on sector-wide weakness

On November 5, Western Digital falls 6.51% in Regular Trading, trading at $296.4 per share, with turnover of $165 million.

The move coincided with another broad selloff across storage names. Recent market updates showed storage stocks weakening again after a brief rebound, with Seagate down more than 4% in pre-market trading, SK Hynix down more than 4%, and Western Digital, SanDisk, Rambus and Micron all down more than 3%, pointing to clear sector linkage pressure.

Background sentiment has remained fragile even after Western Digital previously reported results and forward guidance above expectations, including adjusted EPS of $4.64 on revenue of $4.38 billion, with next-quarter guidance of EPS of $5.80 and revenue of $5.1 billion. Market discussion has continued to focus on capacity expansion, valuation and AI capital spending differences, while an options flow update on November 5 also highlighted a bearish put spread positioning tied to further weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)