Shares of Western Digital Corporation (NASDAQ:WDC) Sees Large Inflow of Net Money Flow

Western Digital Corporation (NASDAQ:WDC) dropped by -1.22 or -0.57 points during the last session to $46.28 per share. One of the highlights of the day was the net money flow figure, which stood at $19.16 million even as the stock accepted $49.06 million in upticks but rejected $29.9 million in downticks. The up/down ratio for the last observation was a 1.64. The 1-week percentage change for the stock price is registered at -3.12%.A block transaction occurred with $21.61 million in upticks and $0.67 million in downticks while the up/down ratio was calculated to be 32.38. The stock witnessed a net inflow of $20.94 million at the end of the block trade.


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. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Western Digital Corp, Milligan Stephen D had purchased shares worth of $1,024,425 in a transaction dated on May 31, 2016. A total of 22,500 shares were purchased at a price of $45.53 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Western Digital Corporation (NASDAQ:WDC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.57 points or 1.22% at $46.28 with 4,590,998 shares getting traded. Post opening the session at $46.65, the shares hit an intraday low of $46.25 and an intraday high of $47.49 and the price was in this range throughout the day. The company has a market cap of $10,783 million and the number of outstanding shares have been calculated to be 232,996,720 shares. The 52-week high of Western Digital Corporation (NASDAQ:WDC) is $93.38 and the 52-week low is $34.99.

Many analysts have stated their opinion on the company shares. Brokerage firm Maxim Group upgrades its rating on Western Digital Corporation (NASDAQ:WDC). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 7, 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 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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