Question: why is wdc stock going down?
Answer: WDC stock fell over the last 2 years due to a 13% drop in revenue, which combined with a 1.5% decrease in outstanding share count, translated into a 14% drop in revenue per share. ... EPS dropped drastically in 2019, as an oversupply in the memory market led to a 20% drop in revenue, with COGS roughly unchanged.