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 (WDC) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]Yahoo! Finance
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- Western Digital Corporation (NASDAQ:WDC) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Solid-State Drive (SSD) Insights Q1 2024 - SSD Petabyte Shipments Mark a Record High in Q4 2023 [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- WDC's page on the SEC website