Western Digital Corp. (NASDAQ: WDC) is 23.01% higher on its value in year-to-date trading and has touched a low of $35.62 and a high of $81.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WDC stock was last observed hovering at around $65.10 in the last trading session, with the day’s loss setting it -0.68%.
Currently trading at $64.42, the stock is 2.29% and -9.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.68 million and changing -1.04% at the moment leaves the stock 2.95% off its SMA200. WDC registered 62.10% gain for a year compared to 6-month gain of 19.01%.
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The stock witnessed a -11.83% loss in the last 1 month and extending the period to 3 months gives it a -11.81%, and is 4.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.70% over the week and 4.18% over the month.
Western Digital Corp. (WDC) has around 53000 employees, a market worth around $21.03B and $13.00B in sales. Fwd P/E is 6.90. Profit margin for the company is -4.47%. Distance from 52-week low is 80.85% and -21.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.41%).
with sales reaching $4.12B over the same period.The EPS is expected to grow by 4123.57% this year, but quarterly earnings will post 34.00% year-over-year.
Western Digital Corp. (WDC) Top Institutional Holders
1089.0 institutions hold shares in Western Digital Corp. (WDC), with institutional investors hold 106.20% of the company’s shares. The shares outstanding are 322.00M, and float is at 321.22M with Short Float at 5.59%. Institutions hold 105.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 38.53 million shares valued at $2.63 billion. The investor’s holdings represent 11.8181 of the WDC Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 27.47 million shares valued at $1.87 billion to account for 8.425 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 21.94 million shares representing 6.7297 and valued at over $1.5 billion, while BANK OF AMERICA CORP /DE/ holds 4.0504 of the shares totaling 13.2 million with a market value of $901.06 million.
Western Digital Corp. (WDC) Insider Activity
The most recent transaction is an insider sale by SODERBERY ROBERT, the company’s EVP & GM, Flash Business. SEC filings show that SODERBERY ROBERT sold 12,154 shares of the company’s common stock on Aug 05 ’24 at a price of $57.09 per share for a total of $0.69 million. Following the sale, the insider now owns 0.13 million shares.
Still, SEC filings show that on Jun 17 ’24, Zamiska Gene M. (SVP, Global Accounting & Chief) disposed off 219 shares at an average price of $78.00 for $17082.0. The insider now directly holds 29,507 shares of Western Digital Corp. (WDC).
