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Why is WDC stock moving?

Western Digital Corporation · end-of-day data as of Oct 16, 2026

Western Digital Corporation
WDC · $124B
$332.00-36.1%last 60 sessions · close Oct 16, 2026
$120.25$745.9952 weeks
Buy · 26 analystsPT $564.21 +69.9%
  • P/E vs own-30.4%
  • P/E vs sector-59.9%
  • Target upside+69.9%
  • Off 52w high-55.5%
  • Insiders-$15.78M
  • FCF yield+2.6%
  • Earnings in6d
  • Trendbearish
  • Sector▲ +1.1%
  • RSI27
  • MA20×50—
  • Volume0.9x
  • Support-11.7%
  • Resistance+31.6%

The move, split

Western Digital Corporation (WDC) fell 6.9% on Oct 16, 2026.

The market (SPY) fell 1.1%; Technology stocks fell 3.2%. Most of the move is specific to WDC.

Market (SPY)-1.1%
Technology sector-2.1%
WDC specific-3.6%

5 stories on the day (30-day average 2.4).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Context

  • News
  • Volume0.9x
  • Off 52w high-55.5%
  • Sector▲ +1.1%
  • Earnings in6d

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