Monday, 3 October 2016

Fourth Week Stock Analysis

This past week I have invested in two different stocks; BioTime Inc., and Western Digital Corp.

Western Digital Corp. is a company based in American named one of the largest computer hard drive manufacturers in the world. I invested in the stock at $58.94 and it has now raised to $59.05. Earlier in the week I had read an article speaking about the demand for smartphones, PC and game console applications. I had read that the company is expecting a modest level of pre-tax profit for the next six months. The stock has been fluctuating since that day, but with todays news article the stocks have began to rise at a steady pace. Barclay's has issued a note to investors in which it is replacing Apple for Western Digital as the new IT Hardware top pick. It has been stated that PC and storage dynamics are much better than expected, and the stocks should continue on an upward trend.
Western Digital Corp. Stock Chart
 BioTime Inc. is a company involved in clinical-stage biotechnology in the field of regenerative medication. I invested in the stock at $3.83 and it has now dropped to $3.70. On September 27th, the day that I invested in the stock the trends showed that there was a significantly higher amount of trades made on the stock than was expected. The stock gained 4.47% that day. I was anticipating that the company would continue on this upward trend, with the success of their human embryonic stem cell and induced pluripotent stem cell technology. 
BioTime Inc. Stock Chart

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