#WesternDigital Corporation (NASDAQ:WDC) has tumbled 0.56% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 17.77% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.64% and the outperformance has advanced to 16.7% for the last 4 weeks period.
Western Digital Corporation (NASDAQ:WDC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.56 and $46.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.59, notching a gain of 0.37% for the day. The total traded volume was 5,010,302 . The stock had closed at $46.42 on the previous day.
The company shares have dropped -48.81% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $92.49 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $42.65 and the 200 Day Moving Average price is recorded at $47.96.
On the companys insider trading activities, Milligan Stephen D, CEO of Western Digital Corp, executed a transaction worth $1,024,425 on May 31, 2016. A total of 22,500 shares were purchased at an average price of $45.53. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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