On July 29, Western Digital rose 3.15% in regular trading, trading at $471.31/share, with turnover of $468 million. The stock was supported by the company's guidance indicating that first-quarter profit and revenue are expected to surpass market expectations.

The positive outlook comes amid a volatile stretch for the storage sector. Western Digital had previously declined over 12% across two consecutive sessions due to NAND industry headwinds and concerns over AI investment returns. However, peer Seagate Technology's strong earnings results, which sent its shares up over 9% after hours, helped trigger an oversold recovery across the sector. Additionally, Wedbush raised its target price on Western Digital from $540 to $650, maintaining an Outperform rating, implying approximately 31% upside from current levels. Within the sector, Seagate Technology gained 4.3% on the day, while SanDisk declined 2.81%. Western Digital's next earnings report is scheduled for August 5, with expected EPS of $3.24.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)