Western Digital Corp’s recently made public that its SVP & Princ. Acctg Officer Zamiska Gene M. unloaded Company’s shares for reported $24241.0 on Nov 21 ’24. In the deal valued at $64.47 per share,376 shares were sold. As a result of this transaction, Zamiska Gene M. now holds 29,971 shares worth roughly $2.08 million.
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Then, GENE M ZAMISKA bought 376 shares, generating $24,241 in total proceeds.
Before that, SODERBERY ROBERT sold 30,767 shares. Western Digital Corp shares valued at $2,092,519 were divested by the EVP & GM, Flash Business at a price of $68.01 per share. As a result of the transaction, SODERBERY ROBERT now holds 135,398 shares, worth roughly $9.4 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 jump 4.51% to $69.43. Over the last five days, the stock has gained 7.50%. Western Digital Corp shares have risen nearly 32.57% since the year began. Nevertheless, the stocks have risen 48.98% over the past one year. While a 52-week high of $81.55 was reached on 06/18/24, a 52-week low of $46.05 was recorded on 01/10/24. SMA at 50 days reached $66.59, while 200 days put it at $67.79.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 67.68, which if violated will result in even more drops to 65.93. On the upside, there is a resistance level at 70.55. A further resistance level may holdings at 71.68. The Relative Strength Index (RSI) on the 14-day chart is 59.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.20%. Stochastics %K at 55.40% 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 2024-10-31, dropping by -3.29 million shares to a total of 16.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19.54 million shares. There was a decline of -20.22%, which implies that there is a negative sentiment for the stock.
