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KeyCorp Reaffirms Hold Rating for Western Digital Corporation (WDC)

28 October 2017

The company has market cap of $25.42 billion.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. About 1.65M shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since October 26, 2016 and is uptrending. It has outperformed by 92.33% the S&P500.

More notable recent Western Digital Corp (NASDAQ:WDC) news were published by: Benzinga.com which released: "What Uncertainty Around Toshiba's Future Means For Western Digital" on October 05, 2017, also Reuters.com with their article: "Toshiba discussing joint investment in chips with Western Digital" published on October 13, 2017, Reuters.com published: "Seagate pledges not to buy stake in Toshiba chip unit for 10 years: Bain document" on October 26, 2017. Ledyard National Bank sold 45,415 shares as the company's stock rose 15.69% with the market.

Looking forward, the company's quarterly earnings are expected to come at -$0.27 in the three months through September 2017 and $0.1 in the quarter ending December 2017, reflecting -22.86% and -78.26% growth, respectively. Western Digital Corporation has a 12 month low of $54.26 and a 12 month high of $95.77. The stock rose 1.52% or $1.33 reaching $88.62. About shares traded. C R Bard Inc (NYSE:BCR) has risen 40.70% since October 27, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Since May 1, 2017, it had 0 insider buys, and 11 insider sales for $9.66 million activity.

The SMA20 for the stock is at 4.3 percent, SMA50 stands at 2.91 percent, while SMA200 is 5.79 Percent. Following the transaction, the insider now directly owns 58,153 shares in the company, valued at $3,439,749.95. Wheeler Kevin J. sold $739,708 worth of stock. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. On Monday, May 8 the insider CORDANO MICHAEL D sold $447,996. Whittier Of Nevada holds 0% or 102 shares in its portfolio. Therefore 69% are positive. Royal Bank Of Canada reissued an "outperform" rating on shares of Western Digital Corporation in a research note on Thursday, July 13th. The firm has "Market Perform" rating by Cowen & Co given on Monday, April 11. The stock has "Hold" rating by C.L. King on Thursday, June 1. The firm has "Hold" rating by Jefferies given on Thursday, June 29. KeyBanc Capital Markets maintained the stock with "Hold" rating in Sunday, August 27 report. The rating was maintained by Mizuho with "Buy" on Wednesday, January 18. Argus restated a "buy" rating and issued a $60.00 price target on shares of Western Digital Corp.in a research report on Saturday, September 10th. BTIG Research has "Buy" rating and $55 target.

Investors sentiment increased to 1.12 in Q2 2017. 49 funds opened positions while 114 raised stakes. 38,872 shares or 6.73% less from 41,677 shares in 2017Q1 were reported.

In the most updated research from a number of analysts on Wall Street, the company gets 23 Buys and 0 Sell among 29 analysts. Liberty Mutual Group Inc Asset Mgmt reported 0.07% in Western Digital Corp (NASDAQ:WDC). Tiedemann Wealth Ltd Liability Corporation, New York-based fund reported 2,448 shares. Reliance Of Delaware invested in 13,431 shares. Hanson Mcclain reported 544 shares. 113,511 were reported by First Republic Management. Factory Mutual Insurance holds 0.34% or 336,200 shares in its portfolio. Howard Hughes Medical Institute reported 5,832 shares stake. Pggm Invests reported 0.06% of its portfolio in Western Digital Corp (NASDAQ:WDC). Oakbrook Investments Limited Com stated it has 23,726 shares or 0.14% of all its holdings. Kcm Invest Ltd Liability has invested 0.04% in Western Digital Corp (NASDAQ:WDC). CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

Western Digital shares are down 2.99%. American Century Inc invested 0.01% of its portfolio in Western Digital Corp (NASDAQ:WDC). California-based Lpl Llc has invested 0% in A. O. Smith Corp (NYSE:AOS). That transaction by Vanguard took place on June 30, 2017, the same day Susquehanna International Group, Llp purchased an additional 2770 shares in WDC to bring its total stake to 2770.

Among 46 analysts covering Amazon.com (NASDAQ:AMZN), 42 have Buy rating, 0 Sell and 4 Hold. Therefore 10% are positive. Amazon.com had 214 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Neutral" rating on Thursday, October 27 by Bank of America. The company was initiated on Friday, December 11 by Mizuho. The rating was initiated by SunTrust with "Buy" on Thursday, January 7. Morgan Stanley maintained the stock with "Buy" rating in Friday, July 28 report. Needham maintained the shares of WDC in report on Thursday, October 27 with "Strong Buy" rating. The rating was downgraded by Bank of America on Friday, July 8 to "Neutral". It dived, as 99 investors sold BCR shares while 273 reduced holdings. 2,718 Fox Factory Holding Corp (NASDAQ:FOXF) shares with value of $86,573 were sold by WITTENSCHLAEGER THOMAS MICHAEL. It also reduced Spon Adr stake by 19,676 shares and now owns 837,787 shares.

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KeyCorp Reaffirms Hold Rating for Western Digital Corporation (WDC)