Price Target Update on Western Digital Corporation (NASDAQ:WDC)

Western Digital Corporation (NASDAQ:WDC) : Average target price received by Western Digital Corporation (NASDAQ:WDC) is $61 with an expected standard deviation of $17.05. The most aggressive target on the stock is $97, whereas the most downbeat target is $32. 14 financial analysts are currently covering the stock.

Other Equity analysts have also commented 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.

Western Digital Corporation (NASDAQ:WDC): stock turned positive on Thursday. Though the stock opened at $49.36, the bulls momentum made the stock top out at $51.27 level for the day. The stock recorded a low of $49.32 and closed the trading day at $50.81, in the green by 5.09%. The total traded volume for the day was 7,104,361. The stock had closed at $48.35 in the previous days trading.

The company shares have dropped -43.75% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $88.46 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $43.23 and the 200 Day Moving Average price is recorded at $47.41. 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.

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.

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