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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)  More Company Research Source: MarketWatch
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
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 [Read more]
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Stockreport

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) 
More Company Research Source: MarketWatch
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WDC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS