Western Digital Corp.’s recently made public that its EVP & GM, Flash Business SODERBERY ROBERT unloaded Company’s shares for reported $0.69 million on Aug 05 ’24. In the deal valued at $57.09 per share,12,154 shares were sold. As a result of this transaction, SODERBERY ROBERT now holds 128,413 shares worth roughly $8.22 million.
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Then, SODERBERY ROBERT bought 12,154 shares, generating $693,859 in total proceeds.
Before that, Zamiska Gene M. sold 219 shares. Western Digital Corp. shares valued at $17,082 were divested by the SVP, Global Accounting & Chief at a price of $78.00 per share. As a result of the transaction, Zamiska Gene M. now holds 29,507 shares, worth roughly $1.89 million.
Summit Insights downgraded its Western Digital Corp. [WDC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. The Benchmark Company also remained covering WDC and has increased its forecast on April 26, 2024 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on April 22, 2024. It rated WDC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of WDC
On Friday, Western Digital Corp. [NASDAQ:WDC] saw its stock jump 0.87% to $64.05. Over the last five days, the stock has gained 7.32%. Western Digital Corp. shares have risen nearly 22.30% since the year began. Nevertheless, the stocks have risen 58.46% 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 $71.43, while 200 days put it at $62.45.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 63.18, which if violated will result in even more drops to 62.32. On the upside, there is a resistance level at 64.67. A further resistance level may holdings at 65.30. The Relative Strength Index (RSI) on the 14-day chart is 47.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.04%. Stochastics%K at 64.89% 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 2024-07-31, dropping by -6.13 million shares to a total of 17.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 24.08 million shares. There was a decline of -34.17%, which implies that there is a negative sentiment for the stock.
