Western Digital Drops 7.1%, Erasing About $9 Billion in One Session
As seen on the 24/7 Wall St. homepage on October 22, 2026.
A 7.1% slide to $351.70 takes roughly $9 billion off a $131.6 billion storage name in a single session. Moves this size rarely settle in a day, so keep an eye on whether the stock stabilizes near these levels.
Continue ReadingShow less
Western Digital stayed under pressure through the entire session, closing at $351.70 with no meaningful recovery. A move this size on a storage company this large draws institutional investors reassessing positions and traders hunting for a floor.
Sellers kept control all day, as every attempted recovery faded well short of the early levels.
A 7.1% single-session decline that strips roughly $9 billion in market value is not typically resolved in one day. Whether $351.70 holds as a floor decides what investors pay from here.
Sources
Mentioned: WDC