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Workday Inc [WDAY] Records 50-Day SMA of $232.39

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Workday Inc shares valued at $17,526,269 were sold by DUFFIELD DAVID A on Jul 01 ’24. At $223.89 per share, DUFFIELD DAVID A sold 78,279 shares. The insider’s holdings dropped to 102,997 shares worth approximately $23.22 million following the completion of this transaction.

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Also, DUFFIELD DAVID A sold 56,000 shares, netting a total of over 12,533,008 in proceeds. Following the sale of shares at $223.80 each, the insider now holds 674,000 shares.

Before that, DUFFIELD DAVID A had sold 56,000 shares from its account. In a trade valued at $12,240,386, the 10% Owner traded Workday Inc shares for $218.58 each. Upon closing the transaction, the insider’s holdings decreased to 56,000 shares, worth approximately $164.57 million.

As published in a research note from BMO Capital Markets on May 24, 2024, Workday Inc [WDAY] has been retained to an Outperform and the price target has been revised to $300. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late February.

Analyzing WDAY Stock Performance

During the last five days, there has been a surge of approximately 3.99%. Over the course of the year, Workday Inc shares have dropped approximately -18.34%. Shares of the company reached a 52-week high of $311.28 on 02/26/24 and a 52-week low of $204.52 on 05/30/24. A 50-day SMA is recorded $232.39, while a 200-day SMA reached $252.57. Nevertheless, trading volume fell to 0.88 million shares from 1.72 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 224.28, which, if violated, would cause prices to drop to 223.02. In the upper region, resistance lies at 227.88. The next price resistance is at 230.22. RSI (Relative Strength Index) is 53.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.02, which suggests the price will increase in the coming days. Percent R is at 15.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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