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

The shares of Western Digital Corporation (WDC) traded with a loss of -0.57 points or -0.71% in the most recent session. The shares last traded at $79.16. As per the trading info, the shares saw $77.01 million in upticks and lost $62.41 million in downticks, resulting in a net money flow of $14.59 million. The up/down ratio for the day was measured at 1.23. For the week, the shares had posted -0.45%.From the block trade data available, the total upticks were valued at $18.33 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $18.33 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Western Digital Corporation has dropped 1.07% in the last five trading days, however, the shares have posted positive gains of 16.5% in the last 4 weeks. Western Digital Corporation is up 36.43% in the last 3-month period. Year-to-Date the stock performance stands at 16.5%. Western Digital Corporation (NASDAQ:WDC) witnessed a decline in the market cap on Wednesday as its shares dropped 0.71% or 0.57 points. After the session commenced at $80.47, the stock reached the higher end at $80.7 while it hit a low of $78.4605. With the volume soaring to 3,897,756 shares, the last trade was called at $79.16. The company has a 52-week high of $81.6699. The company has a market cap of $22,598 million and there are 285,473,910 shares in outstanding. The 52-week low of the share price is $34.99.

Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Stephen D Milligan (Chief Executive Officer) sold 68,419 shares at 77.46 per share price.On Jan 11, 2017, Michael D Cordano (President and COO) sold 5,896 shares at 70.90 per share price.On Dec 13, 2016, Manish H Bhatia (EVP, Silicon Operations) sold 23,898 shares at 67.98 per share price.

Western Digital Corp Last issued its quarterly earnings results on Jan 25, 2017. The company reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.18. Analyst had a consensus of $2.12. The company had revenue of $4888.00 million for the quarter, compared to analysts expectations of $4764.30 million. The companys revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 31, 2017 to Overweight, Raises Price Target to $ 100 from a previous price target of $93 .Company shares were Reiterated by Needham on Jan 26, 2017 to Strong Buy, Raises Price Target to $ 100 from a previous price target of $77 .Company shares were Reiterated by Maxim Group on Jan 26, 2017 to Buy, Raises Price Target to $ 104 from a previous price target of $93 .Company shares were Reiterated by Stifel on Jan 26, 2017 to Buy, Raises Price Target to $ 105 from a previous price target of $80 .Company shares were Reiterated by Mizuho on Jan 26, 2017 to Buy, Raises Price Target to $ 92 from a previous price target of $82 .

Western Digital Corp. designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. The companys hard drives are designed for the desktop PC market and the high-end hard drive market and, recently, for the emerging market for hard drives specially designed for audio-visual applications, such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors, resellers and retailers.

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