Shares of Workday (WDAY) Sees Large Outflow of Money

Workday (WDAY) : Money flow in the Workday (WDAY) stock was negative (1.08 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $3.2 million, compared to $4.28 million on downticks. The total uptick to downtick ratio was 0.75, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.29 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.29 million, indicating persistent selling. Workday (WDAY) traded $0.23 higher at $79.19 gaining 0.29% over the previous days close.


Also, Cowen & Company initiates coverage on Workday (NYSE:WDAY). The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on June 24, 2016.

Workday (NYSE:WDAY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.20 and $77.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.82, notching a gain of 1.09% for the day. The total traded volume was 1,113,381 . The stock had closed at $78.96 on the previous day.

The stock has recorded a 20-day Moving Average of 4.77% and the 50-Day Moving Average is 4.49%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Workday, Inc., Mcnamara Michael M had sold 3,400 shares worth of $272,782 in a transaction dated July 13, 2016. In this transaction, 3,400 shares were sold at $80.23 per share.

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for a range of companies, educational institutions and government agencies. The Companys applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff, pay, organize, and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions.

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