Western Digital Corporations in-depth data and chart pattern analysis indicates that the stock price has rallied 17.84% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 44.7% . Looking at the past 52 week period, the stock price is up at 70.08% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Western Digital Corporation has a positive value of 43.84 compared to overall market.
Western Digital Corporation stock has recorded a 20-day Moving Average of 3.72% and the 50-Day Moving Average is 2%.The 200 Day SMA reached 32.59%Western Digital Corporation is having a Relative Strength Index of 44.87 which indicates the stock is not yet over sold or over bought based on the technical indicators.Western Digital Corporation (NASDAQ:WDC) has tumbled 0.35% during the past week and has dropped 6.12% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.03%. Western Digital Corporation (NASDAQ:WDC) has underperformed the index by 9.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Western Digital Corporation (NASDAQ:WDC) : On Friday heightened volatility was witnessed in Western Digital Corporation (NASDAQ:WDC) which led to swings in the share price. The stock opened for trading at $73.12 and hit $74.66 on the upside , eventually ending the session at $74.65, with a gain of 0.08% or 0.06 points. The heightened volatility saw the trading volume jump to 4,087,518 shares. The 52-week high of the share price is $81.6699 and the company has a market cap of $21,504 million. The 52-week low of the share price is at $34.99 .
Currently the company Insiders own 0.46% of Western Digital Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.97% . Institutional Investors own 84.54% of Western Digital Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.91%. Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Michael D Cordano (President and COO) sold 5,896 shares at 79.00 per share price.On Jan 26, 2017, Stephen D Milligan (Chief Executive Officer) sold 68,419 shares at 77.46 per share price.On Dec 13, 2016, Manish H Bhatia (EVP, Silicon Operations) sold 23,898 shares at 67.98 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 31, 2017 to Overweight, Raises Price Target to $ 100 from a previous price target of $93 .Company shares were Reiterated by Needham on Jan 26, 2017 to Strong Buy, Raises Price Target to $ 100 from a previous price target of $77 .Company shares were Reiterated by Maxim Group on Jan 26, 2017 to Buy, Raises Price Target to $ 104 from a previous price target of $93 .Company shares were Reiterated by Stifel on Jan 26, 2017 to Buy, Raises Price Target to $ 105 from a previous price target of $80 .Company shares were Reiterated by Mizuho on Jan 26, 2017 to Buy, Raises Price Target to $ 92 from a previous price target of $82 .
Western Digital Corp Last issued its quarterly earnings results on Jan 25, 2017. The company reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.18. Analyst had a consensus of $2.12. The company had revenue of $4888.00 million for the quarter, compared to analysts expectations of $4764.30 million. The companys revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS.
Western Digital Corp. designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. The companys hard drives are designed for the desktop PC market and the high-end hard drive market and, recently, for the emerging market for hard drives specially designed for audio-visual applications, such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors, resellers and retailers.