Why Western Digital Rose Another 12.7% in December
Shares of Western Digital (NASDAQ: WDC) rose 12.7% in December, according to data from S&P Global Market Intelligence. The December rise followed closely on the heels of a 10.6% gain in November, capping a strong run for the hard-disk and NAND-flash producer, compared with other parts of the tech market.
Besides Western Digital being a cyclical value stock, which held up better than high-flying software names that were battered in November and December, Western Digital also had one company-specific and one sector-specific catalyst that helped send it higher last month.
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Source Fool.com
