🔴 WDC is trading 4.1% down today after SanDisk lock-up expiration and broader market weakness

WDC is trading at $304.00, down 4.1% today following the expiration of a 31-day lock-up agreement on 2,033,708 SanDisk shares.

• The technical event ends selling restrictions for directors and officers that had been in place until March 20, 2026, allowing for potential share liquidations without J.P. Morgan Securities LLC consent.
• Selling pressure is being compounded by broader market volatility, with the S&P 500 falling 0.74% and the Nasdaq dropping 1.19% during the session.
• Despite the pullback, the stock has maintained a 191% rally over the last six months, supported by surging AI infrastructure demand and hyperscale customer orders.