Western Digital Corporation (WDC) Shares are Up 5.17%

Western Digital Corporation (WDC) has been under a strong bear grip, hence the stock is down -11.41% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.2% in the past 1 week. The stock has risen by 5.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.07% in the past 4 weeks.

Western Digital Corporation is up 19.15% in the last 3-month period. Year-to-Date the stock performance stands at -20.69%. The stock has recorded a 20-day Moving Average of 1.13% and the 50-Day Moving Average is 2.18%.


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 $45.64 and $45.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.60, notching a gain of 1.72% for the day. The total traded volume was 3,907,337 . The stock had closed at $45.81 on the previous day.

Also, Major Brokerage house, Goldman Sachs maintains its ratings on Western Digital Corporation (NASDAQ:WDC). In the latest research report, Goldman Sachs raises the target price from $38 per share to $39 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. The rating by the firm was issued on August 17, 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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