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Why Western Digital Stock Gained 13.3% in July

TheMotleyFool

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Why Western Digital Stock Gained 13.3% in July

Shares of Western Digital (NASDAQ: WDC) gained 13.3% in July, according to data from S&P Global Market Intelligence.

The stock climbed early in the month, thanks to a bullish run for the broader stock market. It also benefited from continued momentum based on signs that supply glut may become less of an issue for NAND flash memory-chip companies.