Increasing volatility on Western Digital WDC?

What is the driving force behind these moves?

It appears that the bulls and bears are fighting - day to day on certain stocks. I know the market has been a little choppy, but some of these stocks are oscillating back and forth between big gains and losses.

Here is an example from the end of today from a watchlist of mine

I can't remember a recent times when we had moves of 4-5-6-7% gains (today) or losses (yesterday) on so many stocks without more news driving the movements. Maybe I missing something big, I tend to be a few days behind on lot of big news events. I might not be factoring in the amount of money people put on the sidelines last year that they are finally getting in well after the recovery, or those $1400 checks that are getting printed.

Hard Pressed to find a reason

I am starting to feel old, and remember when a big news story, earnings miss or beat would drive the stock to move 5-10%. These moves are happening one day then flipping back the next. Lets look at WDC as a prime example. I can find the odd tweet, or week old story, but nothing concrete.

Watching a movement one day - and seeing the have almost the perfect offset the next is just odd. Below is just the March activity. I am not used to seeing a stock add 5% one day, and dump 4% the next. Followed by dumping 8% without a new story or article I could find - only to have the market open the following day and it scream right back up to recover most of its losses. I see this more in crypto, but markets are thinner, there is a ton of leverage, and the HODL factor not usually seen in stocks.

I am at a loss for what is going on. I can't remember the last time I say a stock flop between gains and losses in 7%+ range day to day for something with a marketcap of 20.84B. The only story I could find was an upgrade by Goldman Sachs today, makes me wonder if someone was anticipating a downgrade and wanted to get out early? Either way - it keeps it interesting, and gives plenty of opportunity. Stacking a few of those gains early, and then getting back to cash for the next opportunity would make for a great 2021. If the volatility continues or even increases it will get ugly.

sincerely,
@cluelessinvestor - aka a random nobody on the internet spewing nonsense

This post NOT financial advise, it contains my personal opinion and experience and is intended for educational purposes. Perform your own research and analysis prior to making investment decisions.

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