WDC is trading at $536.00 (7.2% down) after a sharp pullback from Monday’s analyst-driven rebound.
- The stock recently surged after multiple firms, including Bank of America and Cantor Fitzgerald, raised price targets and reiterated bullish views on AI-related storage demand.
- Traders appear to be taking profits in early trading, leading to a consolidation move rather than a reaction to new negative company-specific news.