Western Digital Corp. Stock Underperforms Thursday When Compared To Competitors

RE Royalties Ltd

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RE Royalties Ltd. is a Canada-based company, which is primarily engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies. The Company provides non-dilutive royalty financing solutions to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. It provides financing solutions for its clients when traditional financing options are not available or suitable. It has ownership of royalties from renewable energy projects in Canada, the United States, and Europe. Its diversified portfolio includes solar parks, wind farms, and run of the river hydro facilities. The Company owns approximately 104 royalties on solar, wind, hydro, battery storage, and renewable natural gas projects in Canada, Europe, and the United States. The Company's wholly owned subsidiary is RE Royalties (Canada) Ltd.

Western Digital Corp. Stock Underperforms Thursday When Compared To Competitors

5:31 pm ET January 6, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Western Digital Corp. (WDC) slipped 3.46% to $64.74 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.10% to 4,696.05 and Dow Jones Industrial Average falling 0.47% to 36,236.47. This was the stock's second consecutive day of losses. Western Digital Corp. closed $13.45 below its 52-week high ($78.19), which the company achieved on June 4th.

The stock underperformed when compared to some of its competitors Thursday, as HP Inc. (HPQ) fell 0.49% to $38.68, Seagate Technology Holdings PLC (STX) fell 2.03% to $112.38, and NetApp Inc. (NTAP) rose 1.18% to $93.24. Trading volume (7.5 M) eclipsed its 50-day average volume of 4.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 06, 2022 17:31 ET (22:31 GMT)