Workday Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Workday (NASDAQ:WDAY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The targeted price range for Workday over the last 3 months has been from $125.0 to $320.0. RBC Capital has downgraded its action to Outperform with a price target of $275.
July 17, 2023 | 5:32 pm
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Workday has seen unusual options activity, indicating a bearish stance by a large investor. The sentiment is split, with 58% bearish and 41% bullish. RBC Capital has downgraded its action to Outperform with a price target of $275.
The unusual options activity and the bearish sentiment among big-money traders suggest potential downward pressure on Workday's stock in the short term. Additionally, the downgrade by RBC Capital, despite being to 'Outperform', may also contribute to this pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100