WDC is trading at $464.51 (-3.86%) as investors lock in gains following a massive 18% rally over the past week driven by AI storage demand and strong Q3 earnings.
- Shares are pulling back from yesterday's close of $483.15 despite a lack of fresh negative catalysts and a positive broader market (Nasdaq +0.31%).
- The stock's recent surge was fueled by high expectations for storage hardware, making today's move a likely technical correction.
- A routine settlement of the SanDisk share exchange occurs today following the company's spin-off, though it is considered a non-event for the stock's price action.