The Ratings Game: Western Digital stock logs best week in nearly 7 years because of this bad-news-is-good-news twist [MarketWatch]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: MarketWatch
Western Digital stock logs best week in nearly 7 years because of this bad-news-is-good-news twist Western Digital Corp. shares logged their best weekly gain in nearly seven years Friday as investors considered a power outage at one of the digital storage device maker’s flash memory production facilities to be good news given the glut in memory chip inventories. Western Digital WDC, +6.73% shares rose 6.7% to close at $47.55 Friday after touching an intraday high of $47.60. The weekly gain of nearly 19% is the stock’s best weekly performance since ending July 27, 2012, when shares gained more than 24%. In comparison, both the S&P 500 index SPX, +0.58% and the Nasdaq Composite Index COMP, +0.48% shed about 0.3% over the week. Shares of Western Digital and other chip-related companies gained momentum Wednesday following the release of Micron Technology Inc. MU, +1.37% earnings. Micron had said they were trimming capital expenditures for production to help normalize a glut in
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News
- Western Digital Co. (NASDAQ: WDC) had its price target lowered by analysts at Morgan Stanley from $100.00 to $93.00. They now have an "overweight" rating on the stock.MarketBeat
- Benchmark downgrades Western Digital on growing FY25 concerns [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) was downgraded by analysts at Benchmark Co. from a "buy" rating to a "hold" rating.MarketBeat
- Here comes Sandisk with a rebrand [Verge, The]Verge, The
- Seagate is getting ready to launch its first high-capacity HAMR hard drive [Verge, The]Verge, The
WDC
Earnings
- 10/24/24 - Beat
WDC
Sec Filings
- 12/13/24 - Form 8-K
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- WDC's page on the SEC website