Western Digital Enters 9-Week Winning Streak, Joins IBD Stock Watchlists

Western Digital (WDC) has closed higher for the 9th week in a row, joining two IBD lists. The company is a leader in the disk drive market and continues to perform well despite a recent market downturn. Arcutis (ARQT), a biotech company, also had a strong week, popping 8.6% and qualifying for IBD lists.

Western Digital (WDC), a leading player in the disk drive market, has continued its upward trajectory, closing higher for the 9th consecutive week. This performance is notable given the recent market downturn. According to Investors.com [2], WDC joined two IBD lists, highlighting its resilience and strong fundamentals.

On October 7, 2024, WDC closed at $66.44 with a volume of 3,261,485 shares traded. The stock experienced a slight dip on October 8, 2024, closing at $66.17 with a higher trading volume of 3,874,378 shares [1]. These figures indicate a stable performance despite minor fluctuations.

Arcutis (ARQT), a biotech company, also demonstrated strong performance, popping 8.6% for the week and qualifying for IBD lists. This growth is particularly significant in a market that has shown signs of slowing down.

The market's recent pause from its upward surge has not affected the performance of these two companies. WDC's leadership in the disk drive market and Arcutis's promising biotech innovations continue to drive their stock prices upward.

References:
[1] https://investor.wdc.com/stock-information/historic-stock-lookup
[2] https://www.investors.com/stock-lists/check-out-ibd-50-stock-spotlight-others/