🔴 Western Digital is trading 4.4% down today as it closes $3.1B SanDisk stake sale

WDC is trading at $283.44 (-4.42%) as the company closes its $3.1B tax-efficient debt swap involving the sale of 5.8 million SanDisk shares.

• The secondary offering was priced at $545 per share via J.P. Morgan and BofA, following a +4.38% gain in the previous session.
• Today's pullback aligns with broader market weakness, with the S&P 500 currently trading down -0.41%.