Large Outflow of Money Witnessed in Western Digital Corporation

Western Digital Corporation (WDC) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($14.4 million) and the uptick to downtick ratio was 0.83. The transaction value on upticks was $68.51 million and on downticks, the transaction value was $82.92 million. In block trades, the transaction value of inflow done during uptick was $0.65 million. The transaction value of block trades during downticks was $13.6 million. The uptick to downtick block trade ratio was 0.05. The money flow was negative ($12.95 million), indicating the traders were booking profit on the price strength. Western Digital Corporation (WDC) rose $2.36 at $51.84, during intraday Tuesday , a rise of 4.77% over the previous days close.


The company Insiders own 0.24% of Western Digital Corporation shares according to the proxy statements. Institutional Investors own 81.83% of Western Digital Corporation shares. In an insider trading activity, 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.

Shares of Western Digital Corporation rose by 15.92% in the last five trading days and 11.92% for the last 4 weeks. Western Digital Corporation is up 19.25% in the last 3-month period. Year-to-Date the stock performance stands at -11.77%.

Western Digital Corporation (NASDAQ:WDC): stock turned positive on Tuesday. Though the stock opened at $51.68, the bulls momentum made the stock top out at $52.55 level for the day. The stock recorded a low of $50.75 and closed the trading day at $51.84, in the green by 4.77%. The total traded volume for the day was 8,048,773. The stock had closed at $49.48 in the previous days trading.

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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