Western Digital stock price falls after-hours as CEO share sale filing hits focus
Western Digital shares fell 3.4% to $260.19 in after-hours trading Thursday, following a $4 billion share buyback authorization and CEO Irving Tan’s sale of 20,000 shares. The company outlined plans for a 40-terabyte hard drive and future HAMR technology at its Innovation Day. Seagate and NetApp also declined. Citi raised its price target on Western Digital to $335.