\- WD contains the outdating HDD business
\- Sandisk contains the leading edge NAND business
\- Book value of $105
The stock is trading at $52. It hit its high on 3/17 at $58, up 66% from its first trading day on 32 days earlier on 2/13.
Analyst targets:
Feb 25, Wells Fargo - $56
Mar 3, Morgan Stanley - $84
Mar 5, Barclays, $50
Mar 7, Cantor Fitzgerald - $60
Mar 10, Mizuho - $60
Mar 24, Wedbush - $80
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Trading: Regular accumulation phase with dealers in a typical long call/short put position. Spreads are tight on the underlying but my medium sized buys have moved the market 2-6% and sells have moved it 4-7% which is in line with dealer positioning. I've made multiple 30+ DTE call buys and they've moved the market significantly as well.
Not going to elaborate much more about the business, a couple hours of research should get you a good idea.