Stock price performance of Western Digital Corporation is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 34.37% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 69.81% . Looking at the past 52 week period, the stock price is up at 72.55% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Western Digital Corporation has a positive value of 43.84 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 10.54% and the 50-Day Moving Average is 18.1%.The 200 Day SMA reached 50.61%
Based on the Stock Research Western Digital Corporation Relative Strength Index signal is in over bought territory with a range of 71. Western Digital Corporation (NASDAQ:WDC) has tumbled 0.49% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 12.43% in the last four weeks. The stocks have underperformed the S&P 500 by 0.61% during the past week but Western Digital Corporation (NASDAQ:WDC) it has outperformed the index in 4 weeks by 11.43%.
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 Corporation (NASDAQ:WDC) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.1 points or 0.13% at $79.13 with 2,624,911 shares getting traded. Post opening the session at $79.38, the shares hit an intraday low of $78.98 and an intraday high of $79.85 and the price was in this range throughout the day. The company has a market cap of $22,590 million and the number of outstanding shares has been calculated to be 285,473,910 shares. The 52-week high of Western Digital Corporation (NASDAQ:WDC) is $81.6699 and the 52-week low is $34.99.
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.