After-Hours Tank: Seagate Tech (STX, WDC)

Posted in after-hours 
July 15th, 2008

Seagate Technology (NYSE: STX) tanked after earnings, although poor guidance was the true culprit.  We’ve seen over 465,000 shares trade as of 5:30 PM EST and shares are down over 8.6% at $15.50 in after-hours.  That’s also going to act as a 52-week low if that hold.

Western Digital Corp. (NYSE: WDC) is the key competitor and down in sympathy with over 134,000 shares traded in after-hours down by over 5% at $32.10.

Jon C. Ogg
July 15, 2008

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