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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 07:37 EDT
Longbow analyst Nikolay Todorov raised his price target on Western Digital shares to $88 from $80 after the company confirmed data center customers are driving better than anticipated demand and pockets of tightness in SSD have started to emerge. The company guided to March quarter sales that are 5% above consensus and its "EPS guide was even more impressive," said Todorov, who keeps a Buy rating on Western Digital shares.
News For WDC From the Last 2 Days
Jul 7, 2020 | 10:15 EDT
Bearish flow noted in Western Digital with 3,439 puts trading, or 1.8x expected. Most active are Jul-20 40 puts and Jul-20 42.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 6.36, while ATM IV is up over 8 points on the day. Earnings are expected on July 29th.