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Stock Market & Financial Investment News

News Breaks
March 13, 2013
10:31 EDTWDCWestern Digital calls active on renewed takeover chatter
Western Digital March 50 and April 55 calls are active on total call volume of 6,100 contracts (850 puts) following renewed takeover chatter. April call option implied volatility is at 32, July is at 31; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for larger price movement.
News For WDC From The Last 14 Days
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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.
April 13, 2015
07:24 EDTWDCWestern Digital added to Franchise Pick List at Jefferies
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April 6, 2015
15:58 EDTWDCNeedham says an acquisition of SanDisk is unlikely
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13:35 EDTWDCSanDisk climbs after being identified as 'excellent' takeover target
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10:58 EDTWDCWestern Digital calls active on SanDisk speculation.
Western Digital (WDC) May 92 and 97 are active on 2,500 contracts versus 200 puts following a report by Susquehanna that speculates the company should consider an acquisition of SanDisk (SNDK). The firm believes Western Digital acquiring SanDisk's NAND supply and flash IP would be a transformational move for the company and a 35% premium, or $86 per share, purchase price for SanDisk would be accretive by year two.
08:33 EDTWDCWestern Digital acquisition of SanDisk would be compelling, says Susquehanna
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