Diamonds and Dogs
8/27/13Western Digital Corporation (WDC)
Western Digital Corporation is trading in the red today, down 5.19% at $61.44. The digital content company saw its shares fall after Forbes released an article regarding Western Digital's short positions. The article which was published today stated that WDC is the 42nd most shorted stock in the Nasdaq 100, replacing Amgen. The news drove down shares $3.36 today, however Western Digital shares are still well above their 52-week low of $32.25.
DSW Inc. (DSW)
DSW tied its shoes tight and racing higher today, up 7.91% at $87.75. The footwear and accessories retailer saw its shares jump after better than expected earnings. For the second quarter, DSW reported net income of $33.7 million, or $0.73 per share, that compares with a profit of $29.3 million or $0.65 per share a year earlier. Revenue increase 9.7% to $562 million due to an increase of 4.4% in same-store sales. Wall Street analysts were expecting revenue to come in at $559.7 million. The solid quarter helped DSW's stock climb more than $6.40 per share and reach a new 52-week high of $88.73 intraday.