Volume Spike Investor

Western Digital Corp. (NYSE: WDC) is trading up on earnings and guidance.  Things were strong enough and valuations are low enough that we have seen two upgrades from analysts. The storage and drive maker’s stock rating was raised to Outperform at Baird and was raised to Buy at Stifel Nicolaus.  This is still thin volume [...]

Seagate Technology (NASDAQ: STX) is cruising higher after it raised guidance.  The drive and storage systems maker followed Western Digital (NYSE: WDC).  It now sees Q1 revenue to be at or slightly above the high end of its original guidance range of $2.4 to $2.6 billion versus Thomson Reuters consensus estimate of $2.54 billion. Shares [...]

Dell Inc. (DELL) shares are up about 2 percent with about 10,000 shares traded as of 8 a..m. in the premarket, after Reuters reports that Goldman Sachs has raised Dell to a Buy from Neutral rating. The move comes ahead of Dell’s annual analyst meeting scheduled for July 13 and 14. Western Digital Corp. (WDC), [...]

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 [...]