Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Workday Inc shares valued at $17,585,013 were sold by DUFFIELD DAVID A on Dec 02 ’24. At $251.20 per share, DUFFIELD DAVID A sold 70,003 shares. The insider’s holdings dropped to 102,997 shares worth approximately $27.69 million following the completion of this transaction.
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Also, Chakraborty Sayan sold 5,498 shares, netting a total of over 1,378,767 in proceeds. Following the sale of shares at $250.78 each, the insider now holds 121,100 shares.
Before that, THE DAVID A DUFFIELD TRUST U/T had added 70,003 shares to its account. In a trade valued at $17,500,050, the 10% Owner bought Workday Inc shares for $249.99 each.
As published in a research note from Piper Sandler on November 27, 2024, Workday Inc [WDAY] has been rated down from an Overweight to a Neutral and the price target has been revised to $270 from $285. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in mid November. As of May 24, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for WDAY. Earlier on February 27, 2024, Needham resumed its rating. Their recommendation was “a Buy” for WDAY stock.
Analyzing WDAY Stock Performance
During the last five days, there has been a drop of approximately -0.49%. Over the course of the year, Workday Inc shares have dropped approximately -2.60%. 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 $249.41, while a 200-day SMA reached $246.66. Nevertheless, trading volume fell to 3.64 million shares from 4.19 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 261.71, which, if violated, would cause prices to drop to 254.55. In the upper region, resistance lies at 274.32. The next price resistance is at 279.76. RSI (Relative Strength Index) is 59.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.59, which suggests the price will decrease in the coming days. Percent R is at 19.36%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
