Western Digital Corp’s filing revealed that its SVP & Princ. Acctg Officer Zamiska Gene M. unloaded Company’s shares for reported $22733.0 on Nov 29 ’24. In the deal valued at $72.63 per share,313 shares were sold. As a result of this transaction, Zamiska Gene M. now holds 28,383 shares worth roughly $1.75 million.
Then, GENE M ZAMISKA bought 313 shares, generating $22,733 in total proceeds.
Before that, Zamiska Gene M. sold 658 shares. Western Digital Corp shares valued at $46,053 were divested by the SVP & Princ. Acctg Officer at a price of $69.99 per share. As a result of the transaction, Zamiska Gene M. now holds 28,863 shares, worth roughly $1.78 million.
The Benchmark Company 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 TD Cowen’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. Summit Insights also remained covering WDC and has decreased its forecast on August 01, 2024 with a “Hold” recommendation from previously “Buy” rating. Citigroup started covering the stock on May 14, 2024. It rated WDC as “a Buy”.
Price Performance Review of WDC
On Monday, Western Digital Corp [NASDAQ:WDC] saw its stock jump 2.19% to $61.56. Over the last five days, the stock has lost -5.73%. Western Digital Corp shares have risen nearly 17.55% since the year began. Nevertheless, the stocks have risen 17.53% over the past one year. While a 52-week high of $81.55 was reached on 06/18/24, a 52-week low of $48.96 was recorded on 01/10/24. SMA at 50 days reached $67.21, while 200 days put it at $68.69.
Levels Of Support And Resistance For WDC Stock
The 24-hour chart illustrates a support level at 60.51, which if violated will result in even more drops to 59.46. On the upside, there is a resistance level at 62.11. A further resistance level may holdings at 62.66. The Relative Strength Index (RSI) on the 14-day chart is 36.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.68%. Stochastics %K at 9.00% 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 2024-11-29, growing by 5.49 million shares to a total of 21.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 16.25 million shares. There was a rise of 25.25%, which implies that there is a positive sentiment for the stock.
