Western Digital Corp Stocks Show Strong Performance with 5.83% Increase

Western Digital Corp, a leading data storage company, experienced a notable increase in its stock price on Thursday. The shares rose 5.83% to reach $45.00. This positive performance took place during a challenging trading session for the overall stock market. Both the S&P 500 Index and the Dow Jones Industrial Average experienced declines of 0.16% and 0.48% respectively.

Despite the market’s struggles, Western Digital Corp maintained its positive momentum, marking its fourth consecutive day of gains. The company’s stock finished just $0.24 below its 52-week high of $45.24, which it had reached earlier in February.

Compared to its competitors, Western Digital Corp stood out with its strong performance. Seagate Technology Holdings PLC saw a 3.84% increase in its stock price, while NetApp Inc experienced a more modest rise of 0.35%. Additionally, Western Digital Corp’s trading volume was higher than its 50-day average volume, reaching 7.0 million compared to an average of 3.2 million.

The information provided in this article was generated Automated Insights, an automation technology provider, using data from Dow Jones and FactSet, established sources in the financial industry.

Sources:
– Dow Jones
– FactSet