Cipher Digital and Western Digital shares fall amid broader market and technology selling

  • Cipher Digital fell 8.21% to $16.99 Wednesday, while Western Digital declined 2.08% to $472.25 in Thursday premarket trading.
  • Cipher Digital was 84.87% higher over 12 months but below key moving averages; Western Digital remained 25.7% above its 200-day average while below its 50-day and 100-day averages.
  • Both stocks had Buy consensus ratings, with average forecasts of $30.73 for Cipher Digital and $649.79 for Western Digital.

The two source records concern different companies and trading sessions rather than the same underlying event. Cipher Digital Inc. fell 8.21% to $16.99 Wednesday as the Nasdaq Composite declined 0.30% and the S&P 500 fell 0.41%, while Western Digital Corp. fell 2.08% to $472.25 in Thursday premarket trading as Nasdaq futures dropped 0.83% and S&P 500 futures slipped 0.30%. Cipher Digital remained 84.87% higher over 12 months but traded below its 50-day, 100-day and 200-day simple moving averages, while Western Digital remained 25.7% above its 200-day average despite weaker intermediate trends. Both stocks had Buy consensus ratings, with Cipher Digital carrying a $30.73 average price target from 24 analysts and Western Digital a $649.79 average forecast. Their ETF weightings, analyst actions, technical levels and Benzinga Edge scores also differ.

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