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Fly News Breaks for May 24, 2016
WDC
May 24, 2016 | 07:14 EDT
Jefferies analyst James Kisner lowered his price target for Western Digital to $50 from $56 but keeps a Buy rating on the shares. Investors are too bearish on oversupply risks in NAND and Sandisk's competitive position in 3D NAND, Kisner tells investors in a research note. His new price target reflects lowered FY17 expectations.
News For WDC From the Last 2 Days
WDC
Apr 25, 2024 | 14:34 EDT
Pre-earnings options volume in Western Digital is 1.4x normal with calls leading puts 7:5. Implied volatility suggests the market is anticipating a move near 6.2%, or $4.32, after results are released. Median move over the past eight quarters is 2.1%.
