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Why Western Digital (WDC) Stock Is Up Today

Investivoq PriceTracker

Western Digital (WDC) is up 6.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a rebound in AI and storage-related hardware stocks after a sharp selloff last week, rather than a fresh company-specific announcement today. The move may also reflect investors continuing to reprice Western Digital after its late-October earnings beat, stronger profitability, dividend increase, and upbeat near-term revenue outlook.

Details:

  • Western Digital reported fiscal first-quarter 2027 revenue of $4.38 billion, up 55% year over year, with non-GAAP EPS of $4.64 in its October 22 earnings release.
  • Management said it expects fiscal second-quarter revenue growth of 66% to 72% year over year, signaling that demand for storage remains strong.
  • The company also raised its quarterly cash dividend by 17% to $0.175 per share, which reinforced confidence in cash generation and business momentum.
  • Today’s gain lines up with a broader recovery in beaten-down tech, memory, and AI infrastructure names, suggesting part of the move could be sector-driven rather than tied to a new filing or press release.

    • Sources:

    Western Digital Investor Relations, SEC, Kiplinger

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $WDC Insider Trading Activity

    WDC Insider Trades

    $WDC insiders have traded $WDC stock on the open market 112 times in the past 6 months. Of those trades, 0 have been purchases and 112 have been sales.

    Here’s a breakdown of recent trading of $WDC stock by insiders over the last 6 months:

    • IRVING TAN (Chief Executive Officer) has made 0 purchases and 7 sales selling 20,000 shares for an estimated $8,899,329.
    • MARTIN I COLE has made 0 purchases and 88 sales selling 12,000 shares for an estimated $5,441,762.
    • CYNTHIA L TREGILLIS (Chief Legal Officer & Corp Sec) has made 0 purchases and 11 sales selling 5,509 shares for an estimated $2,593,450.
    • STEPHANIE A STREETER has made 0 purchases and 3 sales selling 5,600 shares for an estimated $2,519,280.
    • VIDYADHARA K GUBBI (Chief of Global Operations) has made 0 purchases and 2 sales selling 4,270 shares for an estimated $2,202,166.
    • BRUCE E KIDDOO sold 750 shares for an estimated $396,390

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $WDC Hedge Fund Activity

    We have seen 940 institutional investors add shares of $WDC stock to their portfolio, and 905 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 17,007,789 shares (+inf%) to their portfolio in Q2 2026, for an estimated $10,863,214,990
    • INVESCO LTD. added 8,904,877 shares (+161.0%) to their portfolio in Q2 2026, for an estimated $5,687,723,037
    • FMR LLC added 5,586,170 shares (+21.5%) to their portfolio in Q3 2026, for an estimated $2,538,690,818
    • CAPITAL WORLD INVESTORS added 4,718,173 shares (+39.7%) to their portfolio in Q2 2026, for an estimated $3,013,591,458
    • D. E. SHAW & CO., INC. removed 3,799,531 shares (-66.6%) from their portfolio in Q2 2026, for an estimated $2,426,836,440
    • BLACKROCK, INC. removed 2,815,609 shares (-7.9%) from their portfolio in Q2 2026, for an estimated $1,798,385,780
    • AMERIPRISE FINANCIAL INC removed 2,376,343 shares (-41.2%) from their portfolio in Q2 2026, for an estimated $1,517,817,800

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $WDC Congressional Stock Trading

    Members of Congress have traded $WDC stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $WDC stock by members of Congress over the last 6 months:

    • REPRESENTATIVE JOHN MCGUIRE sold up to $15,000 on 10/15.
    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/17 and 1 sale worth up to $15,000 on 09/18.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $WDC Price Targets

    Multiple analysts have issued price targets for $WDC recently. We have seen 10 analysts offer price targets for $WDC in the last 6 months, with a median target of $650.0.

    Here are some recent targets:

    • Mehdi Hosseini from Susquehanna set a target price of $500.0 on 07/08/2026
    • Wamsi Mohan from B of A Securities set a target price of $732.0 on 07/01/2026
    • C.J. Muse from Cantor Fitzgerald set a target price of $900.0 on 06/29/2026
    • Erik Woodring from Morgan Stanley set a target price of $650.0 on 06/15/2026
    • Harlan Sur from JP Morgan set a target price of $650.0 on 06/12/2026
    • Vijay Rakesh from Mizuho set a target price of $685.0 on 06/08/2026
    • Asiya Merchant from Citigroup set a target price of $685.0 on 06/02/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.