Western Digital Corp.’s recent filing unveils that its SVP & Princ. Acctg Officer Zamiska Gene M. unloaded Company’s shares for reported $27059.0 on Aug 21 ’24. In the deal valued at $64.89 per share,417 shares were sold. As a result of this transaction, Zamiska Gene M. now holds 28,870 shares worth roughly $1.86 million.
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Then, GENE M ZAMISKA bought 417 shares, generating $27,059 in total proceeds.
Before that, SODERBERY ROBERT sold 12,154 shares. Western Digital Corp. shares valued at $693,860 were divested by the EVP & GM, Flash Business at a price of $57.09 per share. As a result of the transaction, SODERBERY ROBERT now holds 128,413 shares, worth roughly $8.26 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 0.48% to $64.35. Over the last five days, the stock has gained 0.47%. Western Digital Corp. shares have risen nearly 22.88% since the year began. Nevertheless, the stocks have risen 56.76% 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 $70.23, while 200 days put it at $63.01.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 63.52, which if violated will result in even more drops to 62.69. On the upside, there is a resistance level at 65.11. A further resistance level may holdings at 65.86. The Relative Strength Index (RSI) on the 14-day chart is 47.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.68%. Stochastics%K at 91.77% indicates the stock is a selling.
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.
