Western Digital Shares Drop Over 10% Amid Storage Sector Decline
Western Digital (WDC) shares fell more than 10%, closing at $415.29 after dropping $47.27 on Friday. The decline was part of a broader downturn in the storage sector, with peer Seagate Technology also experiencing losses. The selloff reflects ongoing pressure within the hard drive manufacturing industry, which has been impacted by market dynamics and investor sentiment shifts affecting both Western Digital and its competitors.
Topics: hard drive sector Seagate Technology Western Digital