The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Workday Inc shares valued at $17,226,807 were sold by DUFFIELD DAVID A on Oct 01 ’24. At $240.59 per share, DUFFIELD DAVID A sold 71,601 shares. The insider’s holdings dropped to 102,997 shares worth approximately $24.82 million following the completion of this transaction.
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Also, DUFFIELD DAVID A sold 56,000 shares, netting a total of over 13,605,933 in proceeds. Following the sale of shares at $242.96 each, the insider now holds 393,000 shares.
Before that, THE DAVID A DUFFIELD TRUST U/T had added 71,601 shares to its account. In a trade valued at $17,500,000, the 10% Owner bought Workday Inc shares for $244.41 each.
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 drop of approximately -1.83%. Over the course of the year, Workday Inc shares have dropped approximately -12.72%. Shares of the company reached a 52-week high of $311.28 on 02/26/24 and a 52-week low of $199.81 on 08/05/24. A 50-day SMA is recorded $239.30, while a 200-day SMA reached $254.15. Nevertheless, trading volume fell to 1.68 million shares from 2.24 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 236.47, which, if violated, would cause prices to drop to 231.99. In the upper region, resistance lies at 243.95. The next price resistance is at 246.95. RSI (Relative Strength Index) is 44.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.35, which suggests the price will decrease in the coming days. Percent R is at 68.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
