Western Digital Corp.’s filing revealed that its SVP & Princ. Acctg Officer Zamiska Gene M. unloaded Company’s shares for reported $33225.0 on Apr 08 ’24. In the deal valued at $75.00 per share,443 shares were sold. As a result of this transaction, Zamiska Gene M. now holds 30,958 shares worth roughly $2.18 million.
Then, Alexy Kimberly sold 2,648 shares, generating $185,228 in total proceeds. Upon selling the shares at $69.95, the Director now owns 20,509 shares.
Before that, Zamiska Gene M. sold 10,768 shares. Western Digital Corp. shares valued at $660,223 were divested by the SVP & Princ. Acctg Officer at a price of $61.31 per share. As a result of the transaction, Zamiska Gene M. now holds 31,401 shares, worth roughly $2.21 million.
Rosenblatt upgraded its Western Digital Corp. [WDC] rating to a Buy from a a Neutral in a research note published on April 05, 2024; the price target was increased to $115 from $65. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in late March with a ‘”an Outperform”‘ rating. TD Cowen also remained covering WDC and reiterated its “an Outperform” recommendation on January 26, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated WDC as “an Overweight”.
Price Performance Review of WDC
On Monday, Western Digital Corp. [NASDAQ:WDC] saw its stock fall -2.26% to $70.43. Over the last five days, the stock has lost -3.45%. Western Digital Corp. shares have risen nearly 34.49% since the year began. Nevertheless, the stocks have risen 90.97% over the past one year. While a 52-week high of $76.92 was reached on 04/08/24, a 52-week low of $31.97 was recorded on 01/10/24. SMA at 50 days reached $62.69, while 200 days put it at $49.73. A total of 5.57 million shares were traded, compared to the trading of 5.33 million shares in the previous session.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 69.21, which if violated will result in even more drops to 67.99. On the upside, there is a resistance level at 72.50. A further resistance level may holdings at 74.57. The Relative Strength Index (RSI) on the 14-day chart is 58.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.03%. Stochastics %K at 62.07% indicates the stock is a holding.
The most recent change occurred on January 22, 2024 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $73.
