Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Western Digital Corp shares valued at $24,241 were purchased by GENE M ZAMISKA on Nov 21 ’24. At $64.47 per share, GENE M ZAMISKA acquired 376 shares.
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Also, SODERBERY ROBERT sold 30,767 shares, netting a total of over 2,092,519 in proceeds. Following the sale of shares at $68.01 each, the insider now holds 135,398 shares.
Before that, SODERBERY ROBERT had added 30,767 shares to its account. In a trade valued at $2,092,520, the Officer bought Western Digital Corp shares for $68.01 each.
As published in a research note from TD Cowen on September 13, 2024, Western Digital Corp [WDC] has been retained to a Buy and the price target has been revised to $80. Analysts at Summit Insights downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of May 14, 2024, Citigroup has initiated its “Buy” rating for WDC. Earlier on April 26, 2024, The Benchmark Company upgraded its rating. Their new recommendation was “a Buy” for WDC stock which previously was a “a Hold”.
Analyzing WDC Stock Performance
During the last five days, there has been a surge of approximately 4.21%. Over the course of the year, Western Digital Corp shares have jumped approximately 25.80%. Shares of the company reached a 52-week high of $81.55 on 06/18/24 and a 52-week low of $48.96 on 01/10/24. A 50-day SMA is recorded $66.45, while a 200-day SMA reached $67.68. Nevertheless, trading volume fell to 4.04 million shares from 3.83 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 64.35, which, if violated, would cause prices to drop to 62.82. In the upper region, resistance lies at 66.96. The next price resistance is at 68.04. RSI (Relative Strength Index) is 49.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 59.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
