Western Digital Corporation (WDC) has been under a strong bear grip, hence the stock is down -1.01% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.37% in the past 1 week. The stock has risen by 0.71% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.22% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.33% and the fifty day Moving Average is 1.48%. Western Digital Corporation is up 5.51% in the last three month period. Year-to-Date the stock performance stands at -20.13%.
Western Digital Corporation (WDC) : 14 investment research analysts covering Western Digital Corporation (WDC) have an average price target of $60.36 for the near short term. The highest target price given by the Brokerage Firm to the stock is $97 and the lowest target is $35 for the short term. Analysts expect the variance to be within $14.7 of the average price.
Western Digital Corporation (NASDAQ:WDC): stock turned positive on Friday. Though the stock opened at $46.77, the bulls momentum made the stock top out at $47.53 level for the day. The stock recorded a low of $46.44 and closed the trading day at $46.93, in the green by 1.06%. The total traded volume for the day was 3,363,282. The stock had closed at $46.44 in the previous days trading.
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.