What’s Behind Western Digital’s Slumping Stock Price?
Western Digital (NASDAQ: WDC) has embarked on a new chapter, marked by a significant transformation. Following the successful completion of its planned separation from SanDisk, the two entities have begun trading as independent public companies, effective February 24, 2025. This strategic move has resulted in Western Digital retaining its Hard Disk Drive (HDD) business, while its flash storage and memory segment has been rebranded as SanDisk (NASDAQ: SNDK), reviving a prominent brand nearly a decade after its acquisition. Amidst this development, Western Digital’s stock price has declined 7% over the past week, outpacing the S&P 500’s 2% drop.
The decline in WDC’s stock price indicates that investors harbor concerns…
