Western Digital Reaches New 52-Week High (WDC)

NEW YORK ( TheStreet) -- Western Digital Corporation (Nasdaq: WDC) hit a new 52-week high Thursday as it is currently trading at $68.70, above its previous 52-week high of $68.67 with 58,631 shares traded as of 9:35 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Western Digital has a market cap of $16.05 billion and is part of the technology sector and computer hardware industry. Shares are up 59.8% year to date as of the close of trading on Wednesday.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content.

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TheStreet Ratings rates Western Digital as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Western Digital Ratings Report.

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