U.S. stock night trading volatility: Seagate's earnings report exceeded expectations, Western Digital rose 4.00% in night trading

U.S. Stock Night Market Movements

Western Digital rose 4.00% in the night market. Based on recent key news:

1. On July 28, Seagate Technology announced strong earnings, with revenue and profit margins exceeding expectations, boosting market sentiment. Seagate's Q4 revenue grew 49% year-over-year, and adjusted earnings per share increased by 120%, with an after-hours stock price increase of over 10%. Western Digital was affected by this, rising over 6% in after-hours trading. Source: Zhitong Finance

2. On July 28, Western Digital director Martin I. Cole sold 3,808 shares of common stock, with a sale price between $424.05 and $461.23. This news had a limited impact on the stock price. Source: EDGAR

3. On July 29, Citigroup raised its target price for Seagate to $1300, maintaining a buy rating, believing that Seagate will benefit from strong demand and margin expansion. This news further boosted the storage chip sector. Source: Citigroup

Stocks with High Trading Volume in the Industry

SanDisk rose 5.53% in the night market. Based on recent key news:

1. On July 27, Chinese memory chip giant Changxin Technology was listed on the Shanghai Stock Exchange's STAR Market, with its stock price soaring 465.82% on the first day, triggering a revaluation of the global storage chip sector, leading to a sharp drop of over 10% in SanDisk's stock price.

2. On July 28, SK Hynix announced its earnings, with Q2 operating profit soaring 557%, but below market expectations, causing SanDisk's stock price to plummet in after-hours trading.

3. On July 30, the hedge fund Situational Awareness completed its liquidation, alleviating selling pressure and driving SanDisk's stock price up by over 25%. Competition in the storage chip industry has intensified, leading to significant market volatility.

Apple fell 5.57% in the night market. Based on recent key news:

1. On July 31, Apple announced that its Q3 revenue and profit both exceeded Wall Street expectations, but revenue from Greater China fell short of expectations, causing the stock price to drop over 4% in after-hours trading. The earnings report showed that Q3 revenue grew 16.4% year-over-year to $109.42 billion, slightly exceeding the market expectation of $108.65 billion. Revenue from Greater China was $18.82 billion, while the market expectation was $19.67 billion. Source: Jinshi Data

2. On July 29, Apple's market value briefly surpassed $5 trillion, making it the second company in the world to reach this milestone. The stock price peaked at $342.89 during the trading session, then fell back to just below $340. Source: Investing.com

3. On July 28, after seven months of sideways movement, Apple's stock price rebounded 20% from its low at the end of June, with options traders betting on the stock continuing its recent strength. Last Friday recorded $590 million in options premium transactions, of which $442 million involved call options. Source: Zhitong Finance Market risks exist, and investment should be cautious Seagate Technology's after-hours stock rose 2.25%. Based on recent key news:

4. On July 28, Seagate Technology announced its financial report, benefiting from AI-driven demand for cloud storage, with revenue increasing by 48.5% year-on-year and net profit significantly exceeding expectations, leading to a 6.25% rise in after-hours stock price. Source: Seagate

5. On July 29, Seagate Technology released its earnings guidance, expecting first-quarter revenue for fiscal year 2027 to exceed market expectations, with adjusted earnings per share forecasts surpassing analyst expectations, causing the after-hours stock price to rise over 9% at one point. Source: Guandian.com

6. On July 29, JP Morgan raised Seagate Technology's target price to $1240, maintaining an "Overweight" rating, reflecting market confidence in the company's future growth. Source: Gelonghui AI demand drives growth in the storage industry