The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Workday Inc shares valued at $15,509,160 were sold by DUFFIELD DAVID A on Mar 22 ’24. At $276.95 per share, DUFFIELD DAVID A sold 56,000 shares. The insider’s holdings dropped to 1,011,000 shares worth approximately $276.63 million following the completion of this transaction.
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Also, DUFFIELD DAVID A sold 57,000 shares, netting a total of over 15,504,990 in proceeds. Following the sale of shares at $272.02 each, the insider now holds 1,067,000 shares.
Before that, DUFFIELD DAVID A had sold 64,329 shares from its account. In a trade valued at $17,294,736, the 10% Owner traded Workday Inc shares for $268.85 each. Upon closing the transaction, the insider’s holdings decreased to 64,329 shares, worth approximately $28.18 million.
As published in a research note from Needham on February 27, 2024, Workday Inc [WDAY] has been retained to a Buy and the price target has been revised to $350. Earlier on November 29, 2023, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for WDAY stock.
Analyzing WDAY Stock Performance
During the last five days, there has been a drop of approximately -1.01%. Over the course of the year, Workday Inc shares have dropped approximately -0.88%. Shares of the company reached a 52-week high of $311.28 on 02/26/24 and a 52-week low of $262.56 on 03/05/24. A 50-day SMA is recorded $287.09, while a 200-day SMA reached $248.98. Nevertheless, trading volume fell to 1.68 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Workday Inc (WDAY)
According to the 24-hour chart, there is a support level at 269.40, which, if violated, would cause prices to drop to 265.17. In the upper region, resistance lies at 278.92. The next price resistance is at 284.21. RSI (Relative Strength Index) is 43.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.04, which suggests the price will increase in the coming days. Percent R is at 38.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Workday Inc subject to short interest?
Stocks of Workday Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.73 million shares to 3.82 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.09 million shares. A jump of 19.11% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.32.
