Subscribe To

Price Alert Latest News Economic Calendar News

WDC / Western Digital stock rockets after Elliott Management calls for a split of the business

Shares of Western Digital Corp. [S: WDC] were surging 10% in premarket trading Tuesday after Elliott Investment Management called for the company to split its business in two and offered at least $1 billion in capital to help with a separation. Elliott issued a letter to Western Digital's board of directors saying that while the company has "great potential" in both its hard-disk drive and flash businesses, it has "underperformed-operationally, financially and strategically. Read More

Demo Live Account See Partner Details

Content Topics

Western

Digital

Stock

Rockets

After

Elliott

Management

Calls

Business

WDC

Posted: May 3 2022, 08:03

Author Name: Market Watch

WDC News

By Zacks Investment Research
October 31, 2023

Western Digital (WDC) to Separate HDD and Flash Businesses

Western Digital (WDC) plans to divide its HDD and Flash businesses to drive innovation and generate significant value for its shareholders.

By Investopedia
October 30, 2023

S&P 500 Gains and Losses Today: Western Digital Shares Soar Amid Spinoff Plan

U.S. equities roared back from last week's selloff, posting gains on Monday ahead of more big earnings releases as well as this week's Fed meeting and

By The Motley Fool
October 30, 2023

Why Western Digital Stock Popped Today

Western Digital announced better-than-feared fiscal first-quarter results today. The digital storage solutions specialist also announced plans to spin

By Investopedia
October 30, 2023

Western Digital Shares Soar as Company Splits Off Flash Memory Business

Shares of Western Digital Corp. (WDC) surged more than 10% in early trading Monday before giving back some gains after the computer hard drive manufac

By Seeking Alpha
October 30, 2023

Western Digital Corporation (WDC) Q1 2024 Earnings Call Transcript

Western Digital Corporation (NASDAQ:WDC ) Q1 2024 Earnings Conference Call October 30, 2023 8:30 AM ET Company Participants Peter Andrew - Vice Presid

By InvestorPlace
October 30, 2023

WDC Stock Alert: Western Digital Will Split Into 2 Companies

Western Digital (NASDAQ: WDC ) stock is in the news Monday as investors react to the data storage company announcing plans to split into two businesse

By Proactive Investors
October 30, 2023

Western Digital stock rallies as it opts for a flash spin-out

Western Digital Corp (NYSE:WDC) shares started Monday strongly as quarterly financials exceeded market forecasts and the memory maker told investors i

By Barrons
October 30, 2023

Western Digital to Separate Flash-Memory Business. The Stock Is Rising.

Western Digital stock surged on Monday after it said it intends to split its disk-drive and flash memory businesses into two independent companies.

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.