S&P 500 Futures Rise in Premarket Trading; Tapestry, Deckers Outdoor Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
0mins
Source: Barron's
Market Performance: Tapestry Inc. and Deckers Outdoor Corp. saw significant pre-market gains of 16.4% and 14.4%, respectively, while Centene Corp., Booz Allen Hamilton, and Western Digital also posted increases of at least 10%. Conversely, Olin Corp. and Comfort Systems USA experienced declines of 9.0% and 6.2%.
Broader Market Trends: S&P 500 futures rose by 0.19% and Dow futures by 0.17%, while the Cboe Volatility Index futures decreased by 1.04%. In commodities, Brent crude oil increased by 0.80%, gold fell by 0.50%, and Bitcoin dropped to $67,942.
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Analyst Views on WDC
Wall Street analysts forecast WDC stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 275.340
Low
135.00
Averages
189.74
High
250.00
Current: 275.340
Low
135.00
Averages
189.74
High
250.00
About WDC
Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions on hard disk drives (HDD) technologies. The Company manufactures, markets, and sells data storage devices and solutions through its sales personnel, dealers, distributors, retailers, and subsidiaries. Its portfolio of technology and products addresses end markets: Cloud, Client, and Consumer. Cloud is comprised primarily of products for public or private cloud environments and enterprise customers. Through the Client end market, the Company provides its original equipment manufacturer (OEM) and channel customers with a broad array of high-performance HDD solutions across desktops and notebooks. The Consumer end market offers a range of retail and other end-user products. Its product portfolio includes Internal HDD, Data Center Drives, Data Center Platforms, External Drives, Portable Drives, network-attached storage (NAS) for Home and Office, and Accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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