Why Western Digital Stock Just Crashed
Toshiba is coming for Western Digital's market share.
Overview
Computer hard-drive manufacturer Western Digital (NASDAQ:WDC) stock tumbled 11.7% through 1 p.m. ET Friday -- but not for any fault of its own.
Instead, investors seem to be selling off Western Digital stock amid reports that rival Toshiba -- currently the No. 3 producer of hard disk drives worldwide -- is expanding its production capacity to grab more market share.
Details
Presumably, including market share that belongs to Western Digital.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.