Workday Inc’s filing revealed that its 10% Owner DUFFIELD DAVID A unloaded Company’s shares for reported $17.43 million on Apr 01 ’24. In the deal valued at $271.67 per share,64,162 shares were sold. As a result of this transaction, DUFFIELD DAVID A now holds 102,997 shares worth roughly $27.67 million.
Then, DUFFIELD DAVID A sold 56,000 shares, generating $15,213,601 in total proceeds. Upon selling the shares at $271.67, the 10% Owner now owns 955,000 shares.
Before that, DUFFIELD DAVID A sold 56,000 shares. Workday Inc shares valued at $15,509,160 were divested by the 10% Owner at a price of $276.95 per share. As a result of the transaction, DUFFIELD DAVID A now holds 1,011,000 shares, worth roughly $271.56 million.
Needham reiterated its Workday Inc [WDAY] rating to a Buy in a research note published on February 27, 2024; the price target was $350. BMO Capital Markets maintained its rating on November 29, 2023. It rated WDAY as “an Outperform”.
Price Performance Review of WDAY
On Monday, Workday Inc [NASDAQ:WDAY] saw its stock jump 0.11% to $268.61. Over the last five days, the stock has lost -1.41%. Workday Inc shares have fallen nearly -2.70% since the year began. Nevertheless, the stocks have risen 35.75% over the past one year. While a 52-week high of $311.28 was reached on 02/26/24, a 52-week low of $174.25 was recorded on 03/05/24. SMA at 50 days reached $284.40, while 200 days put it at $250.78. A total of 1.62 million shares were traded, compared to the trading of 1.21 million shares in the previous session.
Levels Of Support And Resistance For WDAY Stock
The 24-hour chart illustrates a support level at 266.57, which if violated will result in even more drops to 264.54. On the upside, there is a resistance level at 270.45. A further resistance level may holdings at 272.30. The Relative Strength Index (RSI) on the 14-day chart is 37.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.14%. Stochastics %K at 19.42% indicates the stock is a buying.
How much short interest is there in Workday Inc?
A steep rise in short interest was recorded in Workday Inc stocks on Mar 15, 2024, growing by 0.73 million shares to a total of 3.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.09 million shares. There was a rise of 19.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.32.
The most recent change occurred on August 25, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $250.
