In a filing, Western Digital Corp. revealed its SVP & Princ. Acctg Officer Zamiska Gene M. unloaded Company’s shares for reported $0.66 million on Mar 01 ’24. In the deal valued at $61.31 per share,10,768 shares were sold. As a result of this transaction, Zamiska Gene M. now holds 31,401 shares worth roughly $2.04 million.
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Then, Alexy Kimberly sold 3,000 shares, generating $188,250 in total proceeds. Upon selling the shares at $62.75, the Director now owns 23,157 shares.
Before that, SODERBERY ROBERT sold 45,461 shares. Western Digital Corp. shares valued at $1,959,896 were divested by the EVP & GM, Flash Business at a price of $43.11 per share. As a result of the transaction, SODERBERY ROBERT now holds 175,697 shares, worth roughly $11.42 million.
TD Cowen reiterated its Western Digital Corp. [WDC] rating to an Outperform in a research note published on January 26, 2024; the price target was $75. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late January with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering WDC and reiterated its “an Overweight” recommendation on January 22, 2024. Deutsche Bank revised its rating on January 16, 2024. It rated WDC as “a Buy” which previously was an “a Hold”.
Price Performance Review of WDC
On Monday, Western Digital Corp. [NASDAQ:WDC] saw its stock jump 1.63% to $64.98. Over the last five days, the stock has gained 9.56%. Western Digital Corp. shares have risen nearly 24.08% since the year began. Nevertheless, the stocks have risen 84.24% over the past one year. While a 52-week high of $66.00 was reached on 03/21/24, a 52-week low of $31.97 was recorded on 01/10/24. SMA at 50 days reached $58.56, while 200 days put it at $47.51. A total of 5.81 million shares were traded, compared to the trading of 5.44 million shares in the previous session.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 63.50, which if violated will result in even more drops to 62.01. On the upside, there is a resistance level at 66.00. A further resistance level may holdings at 67.01. The Relative Strength Index (RSI) on the 14-day chart is 65.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.60%. Stochastics %K at 76.31% indicates the stock is a holding.
How much short interest is there in Western Digital Corp.?
A steep rise in short interest was recorded in Western Digital Corp. stocks on Feb 29, 2024, growing by 1.25 million shares to a total of 18.74 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 17.49 million shares. There was a rise of 6.67%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.22.
