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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:27 EDTWDCWestern Digital shares positioned for pullback, says Citigroup
Citigroup expects investors to take profits in Western Digital after the company's Q2 results given the lack of earnings upside and continued concerns over demand. Citi says shares are "ripe" for a pullback and reiterates a Sell rating on the name despite raising its price target to $34 from $29.
News For WDC From The Last 14 Days
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April 28, 2015
15:06 EDTWDCNotable companies reporting after market close
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14:46 EDTWDCWestern Digital technical commentary ahead of earnings
The stock is trading just below its 50-day moving average heading into earnings. On a technical basis the stock does exhibit a topping pattern that could continue on weak news, or be resolved by a strong move higher. The first big level of support is at the $90 area. A move to that level, and eventually lower, would confirm the topping pattern has become dominant and would turn the trend bearish. Support below $90 would be at $88.23. If the news is a bullish surprise, initial resistance would be at the 50-day at $99.98. Thereafter resistance would be at $104.95 and $109.09.
14:39 EDTWDCWestern Digital May weekly volatility elevated into Q3 and outlook
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07:24 EDTWDCJPMorgan cautious on Western Digital into earnings
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April 16, 2015
06:31 EDTWDCWestern Digital assumed with an Overweight at JPMorgan
Price target lowered to $105 from $115.
April 15, 2015
10:00 EDTWDCOn The Fly: Analyst Initiation Summary
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06:07 EDTWDCWestern Digital initiated with a Buy at Maxim
Target $131.
April 14, 2015
10:01 EDTWDCOn The Fly: Analyst Upgrade Summary
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06:25 EDTWDCWestern Digital upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Western Digital to Buy and maintained its $117 price target. The firm believes fundamentals have bottomed and valuation is attractive at current levels. BofA/Merrill lowered estimates on further PC weakness but said pricing is holding up and the mix shift to capacity HDDs is driving ASP and margin improvement.

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