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Workday Inc (WDAY) rating reiterates by Needham

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In a filing, Workday Inc revealed its 10% Owner DUFFIELD DAVID A unloaded Company’s shares for reported $14.83 million on Apr 12 ’24. In the deal valued at $264.89 per share,56,000 shares were sold. As a result of this transaction, DUFFIELD DAVID A now holds 843,000 shares worth roughly $208.29 million.

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Then, DUFFIELD DAVID A sold 65,221 shares, generating $17,498,081 in total proceeds. Upon selling the shares at $268.29, the 10% Owner now owns 102,997 shares.

Before that, Chakraborty Sayan sold 15,065 shares. Workday Inc shares valued at $4,041,530 were divested by the Co-President at a price of $268.27 per share. As a result of the transaction, Chakraborty Sayan now holds 88,205 shares, worth roughly $21.79 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 0.30% to $247.08. Over the last five days, the stock has lost -1.13%. Workday Inc shares have fallen nearly -10.50% since the year began. Nevertheless, the stocks have risen 38.56% over the past one year. While a 52-week high of $311.28 was reached on 02/26/24, a 52-week low of $174.70 was recorded on 05/01/24. SMA at 50 days reached $262.71, while 200 days put it at $254.56. A total of 2.16 million shares were traded, compared to the trading of 1.58 million shares in the previous session.

Levels Of Support And Resistance For WDAY Stock

The 24-hour chart illustrates a support level at 245.90, which if violated will result in even more drops to 244.71. On the upside, there is a resistance level at 248.53. A further resistance level may holdings at 249.98. The Relative Strength Index (RSI) on the 14-day chart is 36.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.63%. Stochastics %K at 29.48% indicates the stock is a holding.

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.

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