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BMO Capital Markets analysts reiterates an Outperform rating for Workday Inc (WDAY)

Workday Inc’s recently made public that its 10% Owner DUFFIELD DAVID A unloaded Company’s shares for reported $12.24 million on Jun 21 ’24. In the deal valued at $218.58 per share,56,000 shares were sold. As a result of this transaction, DUFFIELD DAVID A now holds 730,000 shares worth roughly $164.05 million.

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Then, DUFFIELD DAVID A sold 83,541 shares, generating $17,688,707 in total proceeds. Upon selling the shares at $211.74, the 10% Owner now owns 102,997 shares.

Before that, DUFFIELD DAVID A sold 57,000 shares. Workday Inc shares valued at $11,922,795 were divested by the 10% Owner at a price of $209.17 per share. As a result of the transaction, DUFFIELD DAVID A now holds 786,000 shares, worth roughly $176.63 million.

BMO Capital Markets reiterated its Workday Inc [WDAY] rating to an Outperform in a research note published on May 24, 2024; the price target was $300. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it.

Price Performance Review of WDAY

On Monday, Workday Inc [NASDAQ:WDAY] saw its stock jump 0.52% to $224.72. Over the last five days, the stock has gained 2.75%. Workday Inc shares have fallen nearly -18.60% since the year began. Nevertheless, the stocks have fallen -1.06% over the past one year. While a 52-week high of $311.28 was reached on 02/26/24, a 52-week low of $202.01 was recorded on 05/30/24. SMA at 50 days reached $233.46, while 200 days put it at $252.74. A total of 1.5 million shares were traded, compared to the trading of 1.97 million shares in the previous session.

Levels Of Support And Resistance For WDAY Stock

The 24-hour chart illustrates a support level at 221.06, which if violated will result in even more drops to 217.39. On the upside, there is a resistance level at 226.90. A further resistance level may holdings at 229.07. The Relative Strength Index (RSI) on the 14-day chart is 52.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.75%. Stochastics%K at 93.88% indicates the stock is a selling.

The most recent change occurred on November 29, 2023 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $290.

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