Morgan Stanley Reduces $4M in Western Digital Corporation ($WDC)
Key Points
- Morgan Stanley changed its Western Digital Corporation ($WDC) stake by 65.3% last quarter, cutting to 3,430 shares worth $1.93 million.
- Wall Street's consensus rating on $WDC is Buy and an average price target of $547.09.
- $WDC last traded around $562.90.
Morgan Stanley reduced its position in Western Digital Corporation ($WDC) by 65.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,430 shares of Western Digital Corporation after selling 6,468 shares during the quarter. Morgan Stanley's holdings in Western Digital Corporation were worth $1.93 million as of its most recent filing.
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About Western Digital Corporation
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories. It sells its data storage devices and solutions through its computer manufacturers, sales personnel, dealers, distributors, and retailers. The company has a collaboration with Open Quantum Design for the development of quantum error correction technology and related systems to advance reliable quantum computing. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
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