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As of Jun 23, 2026
For informational purposes only.
Western Digital had a rough day, dropping about 8% to around $671 on heavy trading. For a stock that’s already up roughly 40% in a month and more than doubled in the last two, this kind of swing is uncomfortable but not totally surprising. The big question is less “What just happened?” and more “Is this the start of the end of the run, or just a sharp bump in a still-strong story?”
The stock fell hard, much more than the overall market and even more than the tech sector, which was also down sharply. Trading volume was well above normal, which tells you a lot of people actively chose to hit the sell button, not just a quiet drift lower.
Price-wise, even after today’s drop, the stock is still sitting well above its recent average levels. It’s about 14% above its short-term average price and more than a third above its 50‑day average, and far, far above where it was earlier this year. In simple terms: this is still a very “elevated” and jumpy stock, even on a down day.
That combination – big prior run, high level, heavy volume, and a sharp one-day drop – usually means some investors decided to lock in profits, and others got nervous and followed.
1. AI and tech stocks are getting punched, and WDC is caught in that storm.
Both companies sell storage hardware to cloud, enterprise, and consumer customers, and both depend heavily on large data-center buyers. Western Digital now focuses on hard disk drives for cloud storage, while Seagate sells hard disk drives and nearline storage solutions for the same kinds of customers, so they go after the same storage purchases.