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Last Price: 70.17 - Change: -0.89 - Change %: -1.2525
04/17/2024 16:08:00 EST

Western Digital Corporation (WDC)

Industry: Computer Hardware

Price Support Resistance

In the past 20 trading days, WDC has been trading in a range between $73.90 and $60.72 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

WDC is trading below resistance at $73.90, about 5% to the upside. There is support at $57.94 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Western Digital Corporation $WDC entered a Green zone 39 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $47.84, a potential down side of -31.82% from the recent price of 70.17. Our AI powered stock target predictor currently has a target price of $-19.84 a potential move of -128%. The stock is trading 9.62% (potential upside) below its 52 week high of $76.92 and 119.49 % (potential downside) above its 52 week low of $31.97 - based on the recent price.

Company Summary

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; and data storage platforms.

WDC Website

News

Neutral to Bullish on Western Digital (WDC)
Western Digital's (WDC) price target was raised to $85 from $75 at BofA. The analyst noted that they see both the HDD and NAND business being close to the bottom of the cycle.
Source: Schwab Network
Wed, 17 Apr 2024 12:51:13 -0400
Sentiment: Positive
Wall Street Analysts See Western Digital (WDC) as a Buy: Should You Invest?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Source: Zacks Investment Research
Wed, 17 Apr 2024 10:36:17 -0400
Sentiment: Neutral
Western Digital (WDC) Surpasses Market Returns: Some Facts Worth Knowing
Western Digital (WDC) closed the most recent trading day at $71.06, moving +0.89% from the previous trading session.
Source: Zacks Investment Research
Tue, 16 Apr 2024 19:06:18 -0400
Sentiment: Positive
Western Digital: The Upside Is Just Beginning - Initiating With A Buy
Western Digital Corp. is positioned for outperformance because of the memory/storage market recovery, in my opinion. I expect more upside for the stock supported by the Flash and HDD price recovery and the upcoming split.
Source: Seeking Alpha
Tue, 16 Apr 2024 10:52:28 -0400
Sentiment: Positive
Investors Heavily Search Western Digital Corporation (WDC): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to Western Digital (WDC). This makes it worthwhile to examine what the stock has in store.
Source: Zacks Investment Research
Mon, 15 Apr 2024 10:10:24 -0400
Sentiment: Positive
Instituions Institution %: 95.225
Last QTR Institution change: 14450218

Insiders
Insiders %: 0.344
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 90721
Insiders Net last QTR: -90721

Analyst Ratings
Target Price: 47.84
Overall Rating: 4.1923
Strong Buys (5): 14
Buys (4): 4
Holds (3): 7
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 76.92
52 Week Low: 31.97
Beta: 1.554
50 Day MA: 62.9456
200 Day MA: 49.8928

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.959
Qtr Revenue Growth YOY: -0.41
Forward PE: 14.771
Trailing PE: 0

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