Movement Alert｜Western Digital Intraday Rise 4.77% in Regular Trading, Storage Shares Rebound Ahead of Earnings

Market Focus10-19 21:39

On October 19, Western Digital rose 4.77% in Regular Trading, trading at $350.69/share, with turnover of $342 million.

The move aligns with a broad rebound in storage names during the session, with peers such as Seagate Technology and SanDisk also advancing, indicating the stock was lifted mainly by sector strength ahead of its upcoming earnings release.

Recent market expectations for Western Digital's next report on October 22 call for revenue of about $4.125 billion, up 51.37% year over year, and adjusted EPS of about $4.07, up 157.78%. Although some brokers recently cut price targets, the stock still carries an average overweight rating, with a mean target price near $672.57, supporting sentiment into the print.

(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.)

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