WDC is trading at $262.92 (-6%) as geopolitical tensions involving U.S.-Israel military operations against Iran spark a global market downturn and a rotation into safe-haven assets.
- The decline extends losses from Friday's close of $279.70, occurring alongside a surge in oil prices and a broader risk-off sentiment across global markets.
- While no company-specific news was reported, the stock's storage infrastructure positioning makes it sensitive to potential disruptions in data center demand and supply chains.
- Despite the current pullback, WDC remains up significantly year-to-date.