The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Western Digital Corp shares valued at $22,733 were sold by Zamiska Gene M. on Nov 29 ’24. At $72.63 per share, Zamiska Gene M. sold 313 shares. The insider’s holdings dropped to 28,383 shares worth approximately $2.05 million following the completion of this transaction.
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Also, GENE M ZAMISKA purchased 313 shares, netting a total of over 22,733 in proceeds.
Before that, Zamiska Gene M. had sold 658 shares from its account. In a trade valued at $46,053, the SVP & Princ. Acctg Officer traded Western Digital Corp shares for $69.99 each. Upon closing the transaction, the insider’s holdings decreased to 658 shares, worth approximately $2.08 million.
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 0.85%. Over the course of the year, Western Digital Corp shares have jumped approximately 37.69%. 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 $67.49, while a 200-day SMA reached $68.40. Nevertheless, trading volume fell to 3.02 million shares from 93750.0 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 71.42, which, if violated, would cause prices to drop to 70.73. In the upper region, resistance lies at 73.32. The next price resistance is at 74.52. RSI (Relative Strength Index) is 59.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.09, which suggests the price will increase in the coming days. Percent R is at 16.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
