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Western Digital Trading Volume Plummets 42.82% to 448th Rank Despite Bullish Outlook
Generated by AI AgentAinvest Volume Radar
Monday, Jun 2, 2025 7:54 pm ET1min read
On June 2, 2025,
(WDC) experienced a significant drop in trading volume, with a total of 2.19 billion shares traded, marking a 42.82% decrease from the previous day. This decline placed at the 448th position in terms of trading volume for the day.Western Digital's stock price has been influenced by several recent developments. The company's earnings for the current quarter are projected to be $1.47 per share, reflecting a 2.1% increase from the same period last year. This positive outlook has contributed to investor confidence in the company's financial performance.
Additionally,
recently raised its price target for from $54.00 to $70.00, assigning the stock an "overweight" rating. This adjustment indicates a bullish sentiment towards the company's future prospects, further bolstering investor optimism.The assumed bullish price target for Western Digital is $74.51, which represents two standard deviations above the consensus price target of $57.57. This suggests that there is significant potential for the stock to appreciate in value, driven by favorable market trends and the company's strategic initiatives.
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