Western Digital Corporation (NASDAQ:WDC) has tumbled 0.56% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 17.77% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.64% and the outperformance has advanced to 16.7% for the last 4 weeks period.
Western Digital Corporation (NASDAQ:WDC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.56 and $46.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.59, notching a gain of 0.37% for the day. The total traded volume was 5,010,302 . The stock had closed at $46.42 on the previous day.
The company shares have dropped -48.81% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $92.49 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $42.65 and the 200 Day Moving Average price is recorded at $47.96.
On the companys insider trading activities, Milligan Stephen D, CEO of Western Digital Corp, executed a transaction worth $1,024,425 on May 31, 2016. A total of 22,500 shares were purchased at an average price of $45.53. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Brokerage firm JP Morgan assumes its rating on Western Digital Corporation (NASDAQ:WDC). The shares have been rated Neutral. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 0.24% of Western Digital Corporation shares according to the proxy statements. Institutional Investors own 81.88% of Western Digital Corporation shares.
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 Companys 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 Companys products are marketed under the HGST, WD and G-Technology brand names.