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home / news releases / WDC - Why Western Digital Sank 20.7% in January


WDC - Why Western Digital Sank 20.7% in January

Shares of Western Digital (NASDAQ: WDC) fell by 20.7% in January, according to data from S&P Global Market Intelligence .

Tech stocks, even those in the booming semiconductor sector, largely fell last month as inflation remained hot, leading investors to react to the looming prospect of higher interest rates. Additionally, Western Digital delivered a quarterly earnings report that came with softer-than-expected guidance, even if revenue and earnings beat expectations.

Image source: Getty Images.

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Why Western Digital Sank 20.7% in January
Stock Information

Company Name: Western Digital Corporation
Stock Symbol: WDC
Market: NASDAQ
Website: wdc.com

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