Why Western Digital Stock Just Crashed
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. Presumably, including market share that belongs to Western Digital. Continue reading