Among the biggest risers on the S&P 500 on Friday December 06 was Western Digital Corporation ($WDC), popping some 3.57% to a price of $49.08 a share with some 3.99 million shares trading hands.
Starting the day trading at $48.18, Western Digital Corporation reached an intraday high of $49.66 and hit intraday lows of $48.01. Shares gained $1.69 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 297.4 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $33.83 to $65.31.
Western Digital is a global leader in the hard disk drive and flash markets. The company develops, manufactures, and provides data storage solutions to consumers, businesses, and governments. The company’s product portfolio includes hard disk drives, solid-state drives, and public and private cloud data center storage solutions. Western Digital’s SanDisk acquisition positions the company as a broad-based provider of media-agnostic storage solutions.
Western Digital Corporation has its corporate headquarters located in San Jose, CA and employs 61,800 people. Its market cap has now risen to $14.6 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 1.53, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
