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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 254.16

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Nov 14 9:30 AM EST

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From: Sam	6/28/2019 2:57:15 PM
	1 Recommendation of 4827

Western Digital stock heads for best week in nearly 7 years as power outage seen as boon By Wallace Witkowski Published: June 28, 2019 2:26 p.m. ET Investors hope outage will help inventory glut but analysts are less convinced Western Digital Corp. shares were poised for their best weekly gain in nearly seven years Friday as investors considered a power outage at one of the digital storage device maker’s flash memory production facilities as good news given the glut in memory chip inventories. Western Digital WDC, +5.59% shares were up 5.3% to $46.93 Friday, after touching an intraday high of $47.15, for a weekly gain of more than 17%, the stock’s best weekly performance since ending July 27, 2012, when shares gained more than 24%. In comparison, both the S&P 500 index SPX, +0.27% and the Nasdaq Composite Index COMP, +0.24% were down about 0.6% for the week. continues at marketwatch.com

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