Friday's lacklustre sentiment ensured Workday slid 1.54%

Published: March 19 2023, 10:30 GMT+0

Friday's lacklustre sentiment ensured Workday slid 1.54%

A quick look at Friday: during Friday's session, Workday Inc toiled and struggled for upward momentum before closing at $188.77. By the close, the the provider of enterprise cloud applications for human resources suffered a $2.95 or 1.54% loss.

  • Daily trading volume (2.40 million shares) increased, making up 120% of the 21-day average (2 million).

As market participants brought Friday's session to a close, Nasdaq slips 0.74% before ending the session at 11,631. Workday closed lower Friday, with similar drops noticed throughout the Technology sector (down 0.307%).

Workday hit a significant low of $132.63 around 4 months ago, but has since recovered 44.55%. So far this year, it has been under-performing the Nasdaq by 0.22%. Currently, the cloud applications for finance and human resources provider has a market capitalization of $48.89 billion with an average daily trading volume of 2 million shares. Workday last reported revenue of $1.65 billion with an EPS of -14 cents.

Workday was not the only decliner in the technology sector; Accenture plc Class A (Ireland) closed at $250 (down 1.15%).

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft traded at $279.43 after closing Friday's trading day at $276.2 (up 1.17%). Adobe traded at $358.14 after closing Friday's trading day at $353.29 (up 1.37%).

Back