WDC is trading at $272.03 (-4.88%) amid potential profit-taking following a 62% rally over the last three months, as no direct company-specific news was reported today.
- The decline follows a $5.1 million insider sale by CEO Irving Tan on February 2, contrasting with recent positive analyst upgrades and strong Q2 FY2026 gross margins of 46.1%.
- Today's move outpaces the broader market's mixed performance, with the S&P 500 up 0.01% and the NASDAQ down 0.11%.
- Long-term outlook remains supported by robust Q3 guidance and continued margin momentum despite the lack of a direct catalyst for today's price action.