Yahoo Finance

Western Digital (WDC) announced that its board of directors has authorized a new $2B share repurchase program. The repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan.

Confident Investing Starts Here:

• Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on WDC:

Disclaimer & DisclosureReport an Issue

• Western Digital Appoints Kris Sennesael as New CFO

• Western Digital names Kris Sennesael as CFO

• Western Digital price target lowered to $65 from $88 at Argus

• Western Digital price target set at $60 Loop Capital

• Western Digital put volume heavy and directionally bearish