Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Workday Inc shares valued at $17,498,081 were sold by DUFFIELD DAVID A on Apr 08 ’24. At $268.29 per share, DUFFIELD DAVID A sold 65,221 shares. The insider’s holdings dropped to 102,997 shares worth approximately $27.65 million following the completion of this transaction.
Also, Chakraborty Sayan sold 15,065 shares, netting a total of over 4,041,530 in proceeds. Following the sale of shares at $268.27 each, the insider now holds 88,205 shares.
Before that, Sauer Richard Harry had sold 8,447 shares from its account. In a trade valued at $2,265,575, the Chief Legal Officer & Secty traded Workday Inc shares for $268.21 each. Upon closing the transaction, the insider’s holdings decreased to 8,447 shares, worth approximately $17.81 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 -0.23%. Over the course of the year, Workday Inc shares have dropped approximately -2.75%. 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 $282.92, while a 200-day SMA reached $251.50. Nevertheless, trading volume fell to 1.1 million shares from 1.24 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 265.66, which, if violated, would cause prices to drop to 262.85. In the upper region, resistance lies at 270.48. The next price resistance is at 272.49. RSI (Relative Strength Index) is 40.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.78, which suggests the price will decrease in the coming days. Percent R is at 76.14%, indicating bearish 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.
