Western Digital Corporation (WDC) stock is expected to deviate a maximum of $16.45 from the average target price of $59.44 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $97 and the most muted being $32.
The short interest in Western Digital Corporation (WDC) has declined from 18,718,531 on June 15,2016 to 16,869,084 on June 30,2016. The change was measured at 1,849,447 shares or 9.9%. The leftover shorts were 6.1% of the floated shares. The days to cover are 3, given the average daily volume of 6,574,799 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, JP Morgan maintains its rating on Western Digital Corporation (NASDAQ:WDC). The global brokerage major raises the current price target from $45 per share to $47 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The rating by the firm was issued on July 7, 2016.
Western Digital Corporation (NASDAQ:WDC): On Thursdays trading session , Opening price of the stock was $52.85 with an intraday high of $52.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.65. However, the stock managed to close at $51.75, a loss of 0.50% for the day. On the previous day, the stock had closed at $52.01. The total traded volume of the day was 3,621,887 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.