This Is What Whales Are Betting On Workday
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Workday (NASDAQ:WDAY) by a large investor, with 70% of big-money traders being bearish. The price range targeted by these investors for Workday over the last 3 months is $190.0 to $250.0. The current price of WDAY is $214.58, up 1.59%. Analysts from Morgan Stanley, Citigroup, JMP Securities, and Needham have given price targets of $245, $236, $260, and $250 respectively.
September 29, 2023 | 6:48 pm
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A large investor has taken a bearish stance on Workday, with 70% of big-money traders also being bearish. The price range targeted by these investors for Workday over the last 3 months is $190.0 to $250.0. The current price of WDAY is $214.58, up 1.59%.
The bearish stance taken by a large investor and 70% of big-money traders indicates a potential downward pressure on the stock price. The current price of WDAY is within the targeted price range, but the bearish sentiment could lead to a decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100