Shares of Western Digital Corporation (WDC) Rally 4.68%

Western Digital Corporation (WDC) : Traders are bullish on Western Digital Corporation (WDC) as it has outperformed the S&P 500 by a wide margin of 6.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.14%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.68% in the last 1 week, and is up 10.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.81% and the 50-Day Moving Average is 16.86%.

Western Digital Corporation (NASDAQ:WDC): The stock opened at $52.04 on Friday but the bulls could not build on the opening and the stock topped out at $52.09 for the day. The stock traded down to $51.03 during the day, due to lack of any buying support eventually closed down at $51.66 with a loss of -0.17% for the day. The stock had closed at $51.75 on the previous day. The total traded volume was 3,136,323 shares.


The company Insiders own 0.24% of Western Digital Corporation shares according to the proxy statements. Institutional Investors own 82.4% of Western Digital Corporation shares. In a related news, Milligan Stephen D, CEO of Western Digital Corp, had purchased 22,500 shares on May 31, 2016. The total value of the transaction was $1,024,425. The information was disclosed with the SEC in a Form 4 Filing. 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.

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