Western Digital Corporation (NASDAQ:WDCC) Stock Price Analysis

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The Western Digital Corporation (NASDAQ:WDCC) is a vertically integrated provider of data storage solutions. Its products include solid-state drives (SSDs) and hard disk drives. The company has a duopoly with Seagate and is the world’s largest producer of NAND flash chips for SSDs. It also has a joint venture with Kioxia. The company is a member of the pre-market and after-hours markets, though it participates only voluntarily. The stock may move more quickly during these times, which is why investors should use limit orders to protect their positions.

While buying S&P 500 stocks on sale is an attractive option for long-term investors, it does not guarantee a profitable long-term investment. It can also be risky, as you may lose your entire investment. This is especially true if you’re just starting to invest in the stock market. Western Digital shares are down roughly 40% from their end-of-2017 high of $80. The drop is primarily due to unfavorable changes in the P/S multiple. Also, many semiconductors are retreating after Nvidia’s weaker-than-expected second-quarter revenue. NVDA stock fell about 7% in response. And, Seagate’s earnings are not exactly stellar, either. Seagate is blaming the tough economic environment for its disappointing results.

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