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Investing in Workday Inc (WDAY): What You Must Know

In a filing, Workday Inc revealed its Director WAYNE FREDERICK acquired Company’s shares for reported $0.45 million on Oct 11 ’24. In the deal valued at $245.16 per share,1,828 shares were bought.

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Then, Sauer Richard Harry sold 3,134 shares, generating $738,936 in total proceeds. Upon selling the shares at $235.78, the Chief Legal Officer & Secty now owns 85,795 shares.

Before that, DUFFIELD DAVID A sold 74,320 shares. Workday Inc shares valued at $17,715,903 were divested by the 10% Owner at a price of $238.37 per share. As a result of the transaction, DUFFIELD DAVID A now holds 102,997 shares, worth roughly $24.97 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 0.65% to $242.47. Over the last five days, the stock has gained 2.97%. Workday Inc shares have fallen nearly -12.17% since the year began. Nevertheless, the stocks have risen 12.38% over the past one year. While a 52-week high of $311.28 was reached on 02/26/24, a 52-week low of $199.81 was recorded on 08/05/24. SMA at 50 days reached $241.56, while 200 days put it at $253.03.

Levels Of Support And Resistance For WDAY Stock

The 24-hour chart illustrates a support level at 240.74, which if violated will result in even more drops to 239.00. On the upside, there is a resistance level at 243.59. A further resistance level may holdings at 244.70. The Relative Strength Index (RSI) on the 14-day chart is 48.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.70%. Stochastics %K at 62.91% indicates the stock is a holding.

How much short interest is there in Workday Inc?

A steep rise in short interest was recorded in Workday Inc stocks on 2024-09-30, dropping by -0.26 million shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.88 million shares. There was a decline of -5.62%, which implies that there is a negative sentiment for the stock.

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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