Western Digital Corporation (WDC) Shares are Up 6.49%

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 20.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.93%, 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 6.49% in the last 1 week, and is up 17.9% 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 12.83% and the 50-Day Moving Average is 12.99%.The 200 Day SMA reached 16.1% Western Digital Corporation is up 19.27% in the last 3-month period. Year-to-Date the stock performance stands at -6.49%.


Western Digital Corporation (WDC) : The most positive equity analysts on Western Digital Corporation (WDC) expects the shares to touch $97, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $62.84 with an expected fluctuation of $12.69 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Western Digital Corporation (NASDAQ:WDC): The stock opened at $54.73 and touched an intraday high of $55.95 on Friday. During the day, the stock corrected to an intraday low of $54.3, however, the bulls stepped in and pushed the price higher to close in the green at $54.94 with a gain of 3.12% for the day. The total traded volume for the day was 9,507,939. The stock had closed at $54.94 in the previous trading session.

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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