Western Digital shares are trading lower in sympathy with Seagate, which fell after reporting Q1 financial results.
Portfolio Pulse from Benzinga Newsdesk
Western Digital shares are trading lower in sympathy with Seagate, which experienced a decline after reporting its Q1 financial results.
October 23, 2024 | 4:47 pm
News sentiment analysis
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NEGATIVE IMPACT
Seagate's stock fell after the company reported its Q1 financial results, impacting related stocks like Western Digital.
Seagate's Q1 financial results were likely below expectations, leading to a decline in its stock price. This has also impacted related companies like Western Digital.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Western Digital's stock is trading lower due to a sympathy move with Seagate, which reported disappointing Q1 financial results.
Western Digital's stock is affected by Seagate's performance due to their similar market segments. Seagate's Q1 results led to a decline in its stock, causing a sympathy move in WDC's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80