Robert Soderbery sells $2.09 million in Western Digital stock as company reports revenue growth

Robert Soderbery, Executive Vice President and General Manager at Western Digital, sold 30,767 shares of the company for $2.09 million, according to a recent SEC filing. This sale was disclosed on October 30. Following the sale, Western Digital's stock is trading at $67.15, down 1.68%. The company has reported an 8.79% revenue growth over the last three months, although this is lower than its industry peers. Western Digital is a major player in data storage solutions, producing both hard disk drives and solid-state drives. The company has a lower-than-average debt-to-equity ratio, indicating a stable financial structure, but its high price-to-earnings ratio suggests potential overvaluation.