Insider Selling: Western Digital Corp CEO Unloads 15,996 Shares of Stock (WDC)
Western Digital Corp (NYSE:WDC) CEO Stephen D. Milligan unloaded 15,996 shares of Western Digital Corp stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $99.44, for a total value of $1,590,642.24. Following the sale, the chief executive officer now directly owns 147,510 shares of the company’s stock, valued at approximately $14,668,394. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Western Digital Corp (NYSE:WDC) traded up 1.46% during mid-day trading on Monday, hitting $100.81. 1,665,595 shares of the company’s stock traded hands. Western Digital Corp has a 52 week low of $59.36 and a 52 week high of $102.11. The stock’s 50-day moving average is $94.99 and its 200-day moving average is $89.11. The company has a market cap of $23.697 billion and a P/E ratio of 23.21.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Western Digital Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $120.00 price target on the stock, up previously from $95.00. Separately, analysts at Susquehanna initiated coverage on shares of Western Digital Corp in a research note on Monday, July 14th. They set a “positive” rating and a $130.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Western Digital Corp from $100.00 to $118.00 in a research note on Monday, July 14th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $104.82.
Western Digital Corporation (NYSE:WDC) is a developer and manufacturer of storage solutions, which enables people to create, manage, experience and preserve digital content.
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