Looking At Workday's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Workday (NASDAQ:WDAY) has seen unusual options activity, with a majority of investors taking a bearish stance. Of the 11 strange trades detected, 72% were bearish and 27% bullish. The total amount for puts was $1,012,310 and for calls, $290,620. Whales have been targeting a price range from $175.0 to $270.0 for Workday over the last 3 months. The current price of WDAY is down -3.07% at $230.51. Analysts from DA Davidson, Loop Capital, Citigroup, Guggenheim, and Needham have maintained their ratings on Workday.
September 21, 2023 | 8:03 pm
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Workday has seen unusual options activity with a majority of investors taking a bearish stance. The current price of WDAY is down -3.07% at $230.51. Analysts have maintained their ratings on Workday.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the price of WDAY down in the short term. The current price is already down -3.07%. However, analysts maintaining their ratings on Workday could provide some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100