The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $2.15 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 $2.18 million.
As published in a research note from Raymond James on April 22, 2024, Western Digital Corp. [WDC] has been rated down from an Outperform to a Mkt perform. Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of March 27, 2024, Evercore ISI has initiated its “an Outperform” rating for WDC. Earlier on January 26, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for WDC stock.
Analyzing WDC Stock Performance
During the last five days, there has been a surge of approximately 1.64%. Over the course of the year, Western Digital Corp. shares have jumped approximately 32.60%. 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 $64.53, while a 200-day SMA reached $50.97. Nevertheless, trading volume fell to 8.39 million shares from 7.4 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 66.41, which, if violated, would cause prices to drop to 63.39. In the upper region, resistance lies at 71.28. The next price resistance is at 73.13. RSI (Relative Strength Index) is 53.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 63.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
