Western Digital Corp’s filing revealed that its EVP & GM, Flash Business SODERBERY ROBERT unloaded Company’s shares for reported $2.09 million on Oct 29 ’24. In the deal valued at $68.01 per share,30,767 shares were sold. As a result of this transaction, SODERBERY ROBERT now holds 135,398 shares worth roughly $8.83 million.
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Then, SODERBERY ROBERT bought 30,767 shares, generating $2,092,520 in total proceeds.
Before that, Zamiska Gene M. sold 1,993 shares. Western Digital Corp shares valued at $139,390 were divested by the SVP & Princ. Acctg Officer at a price of $69.94 per share. As a result of the transaction, Zamiska Gene M. now holds 30,608 shares, worth roughly $2.0 million.
TD Cowen reiterated its Western Digital Corp [WDC] rating to a Buy in a research note published on September 13, 2024; the price target was $80. A number of analysts have revised their coverage, including Summit Insights’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Citigroup began covering WDC with “Buy” recommendation on May 14, 2024. The Benchmark Company revised its rating on April 26, 2024. It rated WDC as “a Buy” which previously was an “a Hold”.
Price Performance Review of WDC
On Monday, Western Digital Corp [NASDAQ:WDC] saw its stock fall -1.00% to $65.22. Over the last five days, the stock has lost -6.44%. Western Digital Corp shares have risen nearly 24.54% since the year began. Nevertheless, the stocks have risen 54.70% over the past one year. While a 52-week high of $81.55 was reached on 06/18/24, a 52-week low of $41.78 was recorded on 01/10/24. SMA at 50 days reached $65.68, while 200 days put it at $67.19.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 64.72, which if violated will result in even more drops to 64.22. On the upside, there is a resistance level at 66.10. A further resistance level may holdings at 66.99. The Relative Strength Index (RSI) on the 14-day chart is 44.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.41%. Stochastics %K at 5.53% indicates the stock is a buying.
How much short interest is there in Western Digital Corp?
A steep rise in short interest was recorded in Western Digital Corp stocks on 2024-10-15, dropping by -0.5 million shares to a total of 17.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.41 million shares. There was a decline of -2.77%, which implies that there is a negative sentiment for the stock.
