Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Western Digital Corp. shares valued at $33,225 were sold by Zamiska Gene M. on Apr 08 ’24. At $75.00 per share, Zamiska Gene M. sold 443 shares. The insider’s holdings dropped to 30,958 shares worth approximately $2.12 million following the completion of this transaction.
Also, Alexy Kimberly sold 2,648 shares, netting a total of over 185,228 in proceeds. Following the sale of shares at $69.95 each, the insider now holds 20,509 shares.
Before that, Zamiska Gene M. had sold 10,768 shares from its account. In a trade valued at $660,223, the SVP & Princ. Acctg Officer traded Western Digital Corp. shares for $61.31 each. Upon closing the transaction, the insider’s holdings decreased to 10,768 shares, worth approximately $2.15 million.
As published in a research note from Rosenblatt on April 05, 2024, Western Digital Corp. [WDC] has been rated up from a Neutral to a Buy and the price target has been revised to $115 from $65. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of January 26, 2024, TD Cowen has reiterated its “an Outperform” rating for WDC. Earlier on January 23, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for WDC stock.
Analyzing WDC Stock Performance
During the last five days, there has been a drop of approximately -7.55%. Over the course of the year, Western Digital Corp. shares have jumped approximately 30.46%. Shares of the company reached a 52-week high of $76.92 on 04/08/24 and a 52-week low of $48.96 on 01/10/24. A 50-day SMA is recorded $63.38, while a 200-day SMA reached $50.20. Nevertheless, trading volume fell to 4.35 million shares from 6.52 million shares the previous day.
Support And Resistance Levels for Western Digital Corp. (WDC)
According to the 24-hour chart, there is a support level at 67.46, which, if violated, would cause prices to drop to 66.60. In the upper region, resistance lies at 69.95. The next price resistance is at 71.58. RSI (Relative Strength Index) is 50.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 93.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
