Western Digital Corporation $WDC Stock Holdings Lowered by CIBC Private Wealth Group LLC

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CIBC Private Wealth Group LLC reduced its stake in Western Digital (NASDAQ:WDC) by 25.3% in the third quarter, impacting its total holdings now worth $10.98 million. Despite this, other institutions like Vanguard and Northern Trust increased their positions, and analysts maintain a “Moderate Buy” rating with an average target price of $265.58. The article notes positive sentiment from hyperscaler partnerships and technical momentum, but also mentions concerns over insider selling and valuation after recent share price gains.

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