Memory giant Western Digital (NASDAQ: WDC) was down 13.4% in October, according to data from S&P Global market Intelligence, as the stock fell following the earnings report for its first fiscal quarter of 2020 was issued late in the month. Though the company's revenue and earnings per share (EPS) numbers beat expectations, management gave somewhat disappointing guidance, adding to the uncertainty surrounding the memory recovery in the technology space, and leading to the sell-off.
In addition, Western Digital's CEO announced his retirement, heaping more uncertainty on the situation.
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