Western Digital Corp. (NYSE:WDC) is down 11.85% this morning at $38.88. WDC has traded 9.1 million shares so far today, more than double its daily average. WDC shares are falling today after the company said prices are lower in the current quarter than they were at the beginning of the year. The company has a market cap of 9.13 billion.
Newpark Resources Inc. (NYSE:NR) is down 10.46% in early trading at $6.59. NR has traded 1.2 million shares so far today and trades 1.5 million shares a day on average. NR shares are slipping this morning as the company’s latest earnings missed estimates. First quarter EPS was $0.16, less than estimates of $0.21. The company has a market cap of 610.10 million. [Read more...]