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A company insider recently sold 56,000 shares of Workday Inc [WDAY]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Workday Inc shares valued at $13,552,624 were sold by DUFFIELD DAVID A on Oct 14 ’24. At $242.01 per share, DUFFIELD DAVID A sold 56,000 shares. The insider’s holdings dropped to 281,000 shares worth approximately $75.33 million following the completion of this transaction.

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Also, Frederick Wayne A.I. sold 1,828 shares, netting a total of over 442,106 in proceeds. Following the sale of shares at $241.85 each, the insider now holds 8,674 shares.

Before that, DAVE & CHERYL DUFFIELD FOUNDAT had added 56,000 shares to its account. In a trade valued at $13,490,400, the 10% Owner bought Workday Inc shares for $240.90 each.

As published in their initiating research note from Scotiabank on November 19, 2024, Workday Inc [WDAY] has been a Sector outperform and the price target has been revised to $340. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in late May. As of February 27, 2024, Needham has reiterated its “Buy” rating for WDAY.

Analyzing WDAY Stock Performance

During the last five days, there has been a drop of approximately -1.26%. Over the course of the year, Workday Inc shares have dropped approximately -2.89%. 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 $247.36, while a 200-day SMA reached $248.28. Nevertheless, trading volume fell to 2.19 million shares from 1.3 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 263.14, which, if violated, would cause prices to drop to 258.21. In the upper region, resistance lies at 271.41. The next price resistance is at 274.76. RSI (Relative Strength Index) is 62.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.66, which suggests the price will increase in the coming days. Percent R is at 26.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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