Western Digital stock rises 5.27% and outperforms competitors

11 articles · Updated · MarketWatch · Apr 30

Shares closed at $434.52 on Thursday, with trading volume of 10.8 million topping the 50-day average of 8.4 million.
The gain marked a second straight daily rise and left the stock 1.69% below its 52-week high of $441.99 reached on 29 April.
The move came in a broad market rally, as the S&P 500 rose 1.02% and the Dow added 1.62%, while Seagate climbed 4.72% and NetApp gained 1.95%.

With AI demand creating a storage boom, why are Western Digital insiders selling their shares at this peak moment?

As WDC's fate is tied to a few tech giants, how vulnerable is its boom to future hyperscaler cost-cutting?