Western Digital stock: 3 things to know before Monday after Sandisk stake-sale move
Western Digital shares closed up 0.3% at $285.52 Friday after trading between $278.04 and $297.50. The company is moving to cut debt, raising $3.17 billion by selling part of its Sandisk stake in a debt-for-equity swap with J.P. Morgan and Bank of America. Management will speak at Morgan Stanley’s TMT conference March 3.