Western Digital Corp (WDC) Files Form 4 Insider Selling : Michael D Cordano Sells 7,185 Shares

Western Digital Corp (WDC): Michael D Cordano , President and COO of Western Digital Corp sold 7,185 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $54.50 per share for a total value of $391,582.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Stephen D Milligan (CEO) purchased 22,500 shares at $45.53 per share price.On Dec 9, 2015, Michael Charles Ray (EVP, Chief Legal Officer & Sec) sold 1,863 shares at $63.59 per share price.Also, On Nov 10, 2015, Matthew E Massengill (director) sold 1,187 shares at $67.75 per share price.On Oct 21, 2015, Mark P Long (EVP, Chief Strategy Officer) sold 878 shares at $82.23 per share price.

Shares of Western Digital Corp (WDC) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.38% at $54.42 with 30,54,382 shares getting traded. Post opening the session at $54.92, the shares hit an intraday low of $54.1077 and an intraday high of $55.25 and the price vacillated in this range throughout the day. The company has a market cap of $15,470 M and the number of outstanding shares has been calculated to be 28,42,64,640 shares. The 52-week high of Western Digital Corp is $86.39 and the 52-week low is $34.99.

Western Digital Corp Money Flow Index Chart

On Aug 3, 2016, Western Digital Corp announced a cash dividend of $0.5000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 17, 2016.

Company has been under the radar of several Street Analysts.Western Digital Corp is Upgraded by Longbow to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Sep 13, 2016.Western Digital Corp is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $54 .The Rating was issued on Sep 8, 2016.Western Digital Corp is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $55 .The Rating was issued on Sep 7, 2016.Western Digital Corp is Reiterated by Mizuho to Buy while Lowering the Price Target of the company shares to $ 54 from a previous price target of $56 . The Rating was issued on Aug 25, 2016.Western Digital Corp is Reiterated by Jefferies to Buy while Lowering the Price Target of the company shares to $ 54 from a previous price target of $62 . The Rating was issued on Aug 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 Company’s 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 Company’s products are marketed under the HGST WD and G-Technology brand names.

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