Western Digital stock jumps after $4 billion buyback boost and 100TB drive roadmap
Western Digital Corporation shares jumped 7.4% to $290.24 in after-hours trading Tuesday, following the company’s announcement of an additional $4.0 billion share buyback authorization. During the session, the stock fluctuated between $272.11 and $296.27. The company said it could repurchase shares either on the open market or privately, including through a Rule 10b5-1 prearranged trading plan, and retains the option to pause or halt the program at any time.