Cannot update Stock Item Quantity for a Product in Magento 1.6.2

Question

I am trying to update the stock quantities of products in Magento from within a script.

I load the product, set the stock quantity, and save - but the quantity remai

Answer 1

All you were missing is to save the $stockItem. You shouldn't need to create a new stock_item nor should you have to save the product.

if (!($stockItem = $product->getStockItem())) {
    $stockItem = Mage::getModel('cataloginventory/stock_item');
    $stockItem->assignProduct($product)
              ->setData('stock_id', 1)
              ->setData('store_id', 1);
}
$stockItem->setData('qty', $stockQty)
          ->setData('is_in_stock', $stockQty > 0 ? 1 : 0)
          ->setData('manage_stock', 1)
          ->setData('use_config_manage_stock', 0)
          ->save();