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

Western Digital Corporation (WDC): $1.56 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.09. The value of trades done on upticks was $18.4 million, whereas, trades done on downticks were valued at $16.84 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $6.2 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $2.98 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.08 was strongly in favor of the bulls. The money flow in block trades was $3.23 million. Western Digital Corporation (WDC) fell $0.12 traded at $58.24, a change of -0.21% over the previous day. The stock is 4.13% for the week.


Shares of Western Digital Corporation rose by 3.35% in the last five trading days and 23.22% for the last 4 weeks. Western Digital Corporation is up 27.21% in the last 3-month period. Year-to-Date the stock performance stands at -1.27%.

Western Digital Corporation (WDC) : The consensus on Western Digital Corporation (WDC) based on 22 analyst recommendation on the company stock is 1.55, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 16 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Western Digital Corporation (WDC).

Western Digital Corporation (NASDAQ:WDC): stock was range-bound between the intraday low of $57.02 and the intraday high of $59.27 after having opened at $59 on Wednesdays session. The stock finally closed in the red at $59, a loss of -1.44%. The stock remained in the red for the whole trading day. The total traded volume was 4,878,139 shares. The stock failed to cross $59.27 in Wednesdays trading. The stocks closing price on Thursday was $58.86.

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.