Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Workday Inc shares valued at $14,833,707 were sold by DUFFIELD DAVID A on Apr 12 ’24. At $264.89 per share, DUFFIELD DAVID A sold 56,000 shares. The insider’s holdings dropped to 843,000 shares worth approximately $215.5 million following the completion of this transaction.
Also, DUFFIELD DAVID A sold 65,221 shares, netting a total of over 17,498,081 in proceeds. Following the sale of shares at $268.29 each, the insider now holds 102,997 shares.
Before that, Chakraborty Sayan had sold 15,065 shares from its account. In a trade valued at $4,041,530, the Co-President traded Workday Inc shares for $268.27 each. Upon closing the transaction, the insider’s holdings decreased to 15,065 shares, worth approximately $22.55 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 -4.78%. Over the course of the year, Workday Inc shares have dropped approximately -7.40%. Shares of the company reached a 52-week high of $311.28 on 02/26/24 and a 52-week low of $254.28 on 04/18/24. A 50-day SMA is recorded $279.59, while a 200-day SMA reached $252.34. Nevertheless, trading volume fell to 1.26 million shares from 2.05 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 253.87, which, if violated, would cause prices to drop to 252.09. In the upper region, resistance lies at 257.83. The next price resistance is at 260.02. RSI (Relative Strength Index) is 27.19 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.86, which suggests the price will decrease in the coming days. Percent R is at 93.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
