Western Digital Corp (WDC) Files Form 4 Insider Buying : Stephen D Milligan Buys 22,500 Shares

Western Digital Corp (WDC): Stephen D Milligan , CEO of Western Digital Corp purchased 22,500 shares on May 31, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $45.53 per share for a total value of $1,024,425.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 9, 2015, Michael Charles Ray (EVP, Chief Legal Officer & Sec) sold 1,863 shares at $63.59 per share price.On Nov 10, 2015, Matthew E Massengill (director) sold 1,187 shares at $67.75 per share price.Also, On Nov 4, 2015, Stephen D Milligan (Chief Executive Officer) sold 6,239 shares at $66.33 per share price.On Oct 21, 2015, Mark P Long (EVP, Chief Strategy Officer) sold 878 shares at $82.23 per share price.

Western Digital Corp: On Friday, May 27, 2016 heightened volatility was witnessed in Western Digital Corp which led to swings in the share price. The shares opened for trading at $43.67 and hit $45.87 on the upside , eventually ending the session at $44.99, with a gain of 1.37% or 0.61 points. The heightened volatility saw the trading volume jump to 80,27,237 shares. The 52-week high of the share price is $99.76 and the company has a market cap of $10,483 M . The 52-week low of the share price is at $34.99.

Western Digital Corp Money Flow Index Chart

On May 4, 2016, Western Digital Corp announced a cash dividend of $0.5000. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Company has been under the radar of several Street Analysts.Western Digital Corp is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 71 from a previous price target of $75 . The Rating was issued on May 27, 2016.Western Digital Corp is Reiterated by The Benchmark Company to Buy while Lowering the Price Target of the company shares to $ 84 from a previous price target of $94 . The Rating was issued on May 27, 2016.Western Digital Corp is Upgraded by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $57 .Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on May 25, 2016.Western Digital Corp is Upgraded by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $45 .Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on May 24, 2016.Western Digital Corp is Reiterated by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 40 from a previous price target of $47 . The Rating was issued on May 18, 2016.

Western Digital Corporation is a data storage solutions company. The Company is a developer manufacturer and provider of data storage solutions that enable consumers businesses governments and other organizations to create manage experience and preserve digital content. The Company’s Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives provide non-volatile data storage. Solid-State Drives are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions Client Desktop and Notebook PCs Branded Product Solutions Consumer Electronics Solutions. The Company’s products are marketed under the HGST WD and G-Technology brand names.

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