Kairos Acquisition Corp
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Company profile

Kairos Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, capital stock or share exchange, asset acquisition, capital stock or share purchase, reorganization or similar business combination with one or more businesses. The Company focuses on insurance and Insurance technology sectors. The Company has no operations and has not generated revenues.

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Western Digital's stock surges to pace the S&P 500's winners after rival Samsung has to 'adjust' operations due to COVID

1:25 pm ET December 29, 2021 (MarketWatch)

Shares of Western Digital Corp. (WDC) shot up 5.6% in afternoon trading Wednesday toward a sixth-straight gain, enough to make the data storage company's stock the biggest gainer among S&P 500 components. Benchmark analyst Mark Miller said he believes the rally is being driven by South Korea-based rival Samsung Electronics Co. Ltd.'s announcement that it had to "temporarily adjust operations" a its manufacturing facilities in Xi'an, China, had to put its plant Xian, China as a result of the "ongoing COVID-19 situation." Miller reiterated the buy rating he's had on Western Digital's stock since at least the past 2 1/2 years, and kept his stock price target at $92, which implies a TK% upside from current levels. The stock, which was headed for the highest close since Aug. 11, has soared 18.7% during its current win streak, which would be the longest since the six-day stretch ended Feb. 19. The stock's rally Wednesday comes as the SPDR Technology Select Sector (XLK) slipped 0.1% while the S&P 500 inched up 0.1%.

-Tomi Kilgore


(END) Dow Jones Newswires

December 29, 2021 13:25 ET (18:25 GMT)

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