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Western Digital Corporation

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Western Digital Shares Soars Despite Market VolatilityShares of Western Digital Corp. (WDC) surged more than 6 % in early trading Tusday before giving back some gains after the computer hard drive manufacturer said it would spin off its flash memory business. The decision comes amid lower demand for flash memory chips that has led to a supply glut in recent quarters. Last week, Western Digital abandoned lengthy discussions of a merger with Kioxia, a Japanese memory drive maker, which is owned by a consortium led by Bain Capital and is the former semiconductor unit of Toshiba. Western Digital's decision to spin off its flash memory unit is a win for activist investor Elliott Investment Management, which last year advised the company to make such a move. Western Digital first ventured into the flash drive business in 2016, when it acquired SanDisk, a California-based manufacturer of flash memory cards, for $19 billion. The spinoff of the flash memory unit will effectively unwind that transaction. Western Digital shares were nearly 8% higher around 3:30 p.m. ET, after surging more than 10% early in the session. They've risen by almost a third so far this year. Analysts at Wedbush Securities assigned an "outperform" rating for WDC, and are eyeing a price target of $60 per share. Price Momentum WDC is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NASDAQ:WDCLong
by DEXWireNews
First 80W cycle after major 56M concludedAccording to our forecast, we are moving now over the first 80W cycle bottom after the great reset in 2020. We are getting big time into WDC now, expecting the price to go even over 100USD next year, with a safe target of 90 USD When we proceeded with phasing analysis just around the big dump in March 2020 we saw that a major 56month cycle bottom got aligned with it. The price moves later confirmed 100% the phasing analysis was correct. This way we got one of best deals in 2020. Now is the chance to get the second shot.
NASDAQ:WDCLong
by bartekhl
Hard to ignore this many oversold signalsMy models say the Fed cannot raise rates beyond 0.5 points tomorrow or they cannot be trusted in the future. We should see a quick rally to end this week and perhaps begin next week, before the reality of $6+ fuel prices set in again and we continue the bear market. Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on June 10, 2022 with a closing price of 54.66. If this instance is successful, that means the stock should rise to at least 54.97 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.28% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.5675% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.4275% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10.0 trading bars; half occur within 27.0 trading bars, and one-quarter require at least 45.0 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NASDAQ:WDCLong
by StockSignaler
Western Digital USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NASDAQ:WDC
by Sunstorminvest