Large Inflow of Money Detected in Western Digital Corporation

Western Digital Corporation (WDC) : Thursdays money flow data in Western Digital Corporation (WDC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $38.75 million, whereas, $35.86 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.08, in favor of the bulls. The total money flow into the stock was $2.89 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.28 million. The total value of block trades done on upticks was $6.13 million. The value of bearish trades on downticks was only $5.85 million.The up/down ratio in the block trades was a healthy 1.05 in favor of the bulls, suggesting strong buying in the stock by large traders. Western Digital Corporation (WDC) fell $0.3 and traded at $51.71, down -0.58% for the day, over previous days close. On a weekly basis, the shares are 4.78% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 9.69% and the 50-Day Moving Average is 17.75%. Shares have dropped -36.86% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $88.46 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $46.66 and the 200 Day Moving Average price is recorded at $45.93.

Western Digital Corporation (NASDAQ:WDC): The stock opened at $52.85 on Thursday but the bulls could not build on the opening and the stock topped out at $52.85 for the day. The stock traded down to $51.65 during the day, due to lack of any buying support eventually closed down at $51.75 with a loss of -0.50% for the day. The stock had closed at $52.01 on the previous day. The total traded volume was 3,621,887 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Western Digital Corp, Milligan Stephen D had purchased shares worth of $1,024,425 in a transaction dated on May 31, 2016. A total of 22,500 shares were purchased at a price of $45.53 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.