🟢 Western Digital Corporation is trading 4.9% up today after announcing a Sandisk share exchange

Western Digital Corporation is trading 4.9% up at $555.05 following the announcement of a strategic capital structure optimization.

• The company entered into privately negotiated agreements to exchange approximately 1.04 million shares of Sandisk Corporation (SNDK) stock it holds for shares of its own common stock.
• This move is seen by the market as a strategic effort to manage its portfolio and enhance shareholder value.
• The transaction is expected to close on June 22, 2026, with the final exchange ratio determined by the average trading prices of both stocks from June 16 to June 18.