Western Digital stock price drops 7% after-hours as risk-off trade hits WDC
Western Digital shares fell 7.2% to $250.61 in after-hours trading Tuesday, tracking a broad selloff in storage and memory stocks as oil prices surged and Treasury yields rose. The S&P 500 closed down 0.94% and the Nasdaq lost 1.02%. Brent crude settled at $81.40 a barrel, up 4.7%. Western Digital will pay a $0.125-per-share dividend on March 18 to holders as of March 5.