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 $1.76 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 $1.79 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 fall -1.27% to $62.02. Over the last five days, the stock has lost -3.20%. Western Digital Corp shares have risen nearly 4.01% since the year began. Nevertheless, the stocks have risen 22.79% over the past one year. While a 52-week high of $81.55 was reached on 01/06/25, a 52-week low of $49.68 was recorded on 01/02/25. SMA at 50 days reached $65.96, 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 61.28, which if violated will result in even more drops to 60.54. On the upside, there is a resistance level at 62.84. A further resistance level may holdings at 63.66. The Relative Strength Index (RSI) on the 14-day chart is 43.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.98%. Stochastics %K at 47.97% 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 2024-12-31, dropping by -1.14 million shares to a total of 20.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 21.74 million shares. There was a decline of -5.54%, which implies that there is a negative sentiment for the stock.
