Western Digital Gets Boost From Bullish Call At Aegis Capital

Western Digital Corp WDC shares are trading higher by $1.90 at $88.54 in Tuesday's session.

Before the open, Aegis Capital initiated coverage on the stock with a Buy rating and a $130.00 price target.

After a higher open, Western Digital continued in that direction before finally peaking at $90.43 and then reversed course. That marks the highest level for the stock since last Friday when it peaked at $91.94.

So far, the ensuing decline has yet to reach the top of Monday's range, which stands at $86.72.