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News Breaks | | | | October 12, 2012 | | 06:18 EDT |  | STX, WDC | Seagate downgraded to Sell from Buy at Citigroup
Citigroup downgraded both Seagate (STX) and Western Digital (WDC) two notches to Sell from Buy citing demand deterioration in the hard disk drive industry. Citi sees 20%-25% downside risk to Q4 consensus earnings estimates and lowered its price target for Seagate to $25 from $37. | |
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News For STX;WDC From The Last 14 Days Check below for free stories on STX;WDC the last two weeks. |
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| May 15, 2013 | | 17:09 EDT |  | STX | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). | | | May 14, 2013 | | 09:38 EDT |  | STX | Active equity option families trading on open
 Subscribe for More Information | | | May 9, 2013 | | 14:55 EDT | | WDC | FTC approves modified final order on Western Digital purchase
The Federal Trade Commission approved and issued a modified final decision and order settling charges that Western Digital’s (WDC) proposed acquisition of rival Hitachi Global Technologies would have been anticompetitive in the market for hard disk drives used in desktop PCs. The proposed order settling the FTC’s charges, first announced on March 5, 2012, required Western Digital to sell assets used to manufacture and sell desktop computer hard disk drives to Toshiba (TOSBF) to resolve the agency’s competition concerns. The FTC has approved several modifications to the proposed order to incorporate adjustments that Western Digital and Toshiba Corporation, the buyer of the divested assets, made in the transaction documents. The final order provides for the additional time Western Digital required to complete the divestiture in order to obtain the necessary approvals from other relevant competition authorities and also includes revised production and asset transfer schedules, and extended time in which Western Digital will have access to certain employees. The FTC has also approved changes to the Divestiture Agreement and Contract Manufacturing Agreement to reflect the changes to the remedial agreements made by Western Digital and Toshiba Corporation. | | | 10:55 EDT |  | STX | Seagate falls after Chanos comments at Sohn Conference
The shares are down nearly 5% at time of writing, heading for the $40 level. At the current price of $40.29, next support is at $39.63, and then at $38.05. Resistance is at $41.23. | | | 09:20 EDT | | WDC | Western Digital volatility low into Chanos cautious mention
Western Digital overall option implied volatility of 32is below its 26-week average of 35 according to Track Data suggesting decreasing price movement into Jim Chanos cautiously mentioned the shares in a presentation. | | | 09:19 EDT | | STX, WDC | On The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference. | | | 09:14 EDT | | STX | Seagate volatility low into Chanos cautious mention
Subscribe for More Information | | | May 8, 2013 | | 19:06 EDT | | STX, WDC | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:57 EDT | | WDC, STX | Seagate, Western Digital slip after Jim Chanos presentation at Sohn Conference
Subscribe for More Information | | | May 7, 2013 | | 07:27 EDT |  | WDC | RW Baird to host a conference
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