Workday's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors are showing a bullish stance on Workday (NASDAQ:WDAY) with significant options trading activity. Benzinga's options scanner detected 13 unusual trades, with 76% being bullish. Analysts have set an average price target of $297.0, with some maintaining a Buy or Overweight rating. Workday's current trading price is $248.29, and the stock may be approaching oversold territory.
September 20, 2024 | 8:17 pm
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Workday (WDAY) sees significant bullish options activity, with 76% of trades being bullish. Analysts maintain positive ratings with an average price target of $297.0. Current price is $248.29, potentially approaching oversold territory.
The unusual options activity with a majority being bullish suggests investor confidence in Workday's short-term price increase. Analysts' positive ratings and price targets further support this sentiment. The current price and RSI readings indicate potential for upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100