Western Digital Corp. (NASDAQ:WDC) shares are trending on Friday.
The California-based storage company’s shares fell 6.54% to $331.01 in after-hours trading Thursday. In the regular session, the stock closed down 6.43% at $354.19, according to Benzinga Pro data.
Insider Sale Disclosed
The move came after Western Digital reported fiscal first-quarter results and a Securities and Exchange Commission filing in which Chief Legal Officer Cynthia Tregillis disclosed the sale of shares.
According to the filing, 807 shares were sold at $380 on Oct. 21. The total amount of the transaction is $306,660. The sale was made under a trading plan adopted Mar. 6.
Tregillis directly holds 108,927.657 shares after the transactions. She also had 1,309.713 shares withheld at $364.32 on Oct. 20 to cover taxes on vesting restricted stock units.
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Earnings Beat
The stock move also followed Western Digital’s fiscal first-quarter results on Thursday. Revenue came in at $4.38 billion, topping the $4.14 billion estimate by 5.72%.
Earnings per share were $4.64, beating the $4.06 expected by 14.3%.
Trading Metrics, Technical Analysis
Western Digital has a market capitalization of about $132.31 billion, a 52-week high of $799.87 and a 52-week low of $121.72.
WDC has a Relative Strength Index (RSI) of 37.68.
Over the past 12 months, WDC shares have gained 181.73%.
The stock is currently trading at about 34% of its 52-week range.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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