On September 30, 2024, JPMorgan Chase & Co. made a significant addition to its investment portfolio by acquiring 17,493,612 shares of Western Digital Corp (NASDAQ:WDC). The trade has a modest impact of 0.08% on the firm's portfolio, with Western Digital now constituting 0.1% of JPMorgan's holdings ...
On September 30, 2024, JPMorgan Chase & Co. made a significant addition to its investment portfolio by acquiring 17,493,612 shares of Western Digital Corp (NASDAQ:WDC). The trade has a modest impact of 0.08% on the firm's portfolio, with Western Digital now constituting 0.1% of JPMorgan's holdings and representing a 5.00% ownership in the traded company.On September 30, 2024, JPMorgan Chase & Co. made a significant addition to its investment portfolio by acquiring 17,493,612 shares of Western Digital Corp (NASDAQ:WDC). This transaction, executed at a price of $68.29 per share, represents a notable increase of 14,982,035 shares, enhancing the firm's stake in the company.Western Digital, headquartered in the USA, is a top player in the data storage industry, known for its hard disk drives (HDD) and solid-state drives (SSD). Since its IPO in 1991, the company has grown to achieve a market capitalization of $23.2 billion.Despite its significant market presence, Western Digital is currently facing financial challenges, reflected in its GF Value of $41.83, indicating the stock is significantly overvalued at a current price of $67.12.