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Western Digital Corp. (WDC) Becoming More Attractive for Investors

In a filing, Western Digital Corp. revealed its SVP, Global Accounting & Chief Zamiska Gene M. unloaded Company’s shares for reported $17082.0 on Jun 17 ’24. In the deal valued at $78.00 per share,219 shares were sold. As a result of this transaction, Zamiska Gene M. now holds 29,507 shares worth roughly $2.3 million.

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Then, SODERBERY ROBERT sold 26,853 shares, generating $1,973,215 in total proceeds. Upon selling the shares at $73.48, the EVP & GM, Flash Business now owns 144,623 shares.

Before that, Zamiska Gene M. sold 416 shares. Western Digital Corp. shares valued at $29,902 were divested by the SVP & Princ. Acctg Officer at a price of $71.88 per share. As a result of the transaction, Zamiska Gene M. now holds 30,321 shares, worth roughly $2.37 million.

Citigroup initiated its Western Digital Corp. [WDC] rating to a Buy in a research note published on May 14, 2024; the price target was $90. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in late April from “a Hold” to “a Buy”. Raymond James also remained covering WDC and has decreased its forecast on April 22, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Rosenblatt revised its rating on April 05, 2024. It rated WDC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WDC

On Tuesday, Western Digital Corp. [NASDAQ:WDC] saw its stock jump 2.19% to $78.05. Over the last five days, the stock has gained 1.55%. Western Digital Corp. shares have risen nearly 49.04% since the year began. Nevertheless, the stocks have risen 105.77% over the past one year. While a 52-week high of $81.55 was reached on 06/18/24, a 52-week low of $35.62 was recorded on 01/10/24. SMA at 50 days reached $74.25, while 200 days put it at $58.60. A total of 2.69 million shares were traded, compared to the trading of 3.61 million shares in the previous session.

Levels Of Support And Resistance For WDC Stock

The 24-hour chart illustrates a support level at 76.30, which if violated will result in even more drops to 74.56. On the upside, there is a resistance level at 78.95. A further resistance level may holdings at 79.86. The Relative Strength Index (RSI) on the 14-day chart is 56.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.22%. Stochastics%K at 37.77% indicates the stock is a holding.

The most recent change occurred on March 27, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $80 price target.

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