Western Digital rises after unveiling $2 billion buyback plan
ReutersMay 13, 2025 1:21 PM
Shares of data storage products maker Western Digital WDC.O rise 3% to $48.00 premarket
WDC says will repurchase shares worth $2 billion
Repurchase authorization is effective immediately
"Program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and the long-term value we see in our business" - CEO Irving Tan
Analysts' average rating on the stock is "buy", their median PT is $58.0 - LSEG
WDC up ~3% YTD
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