Workday rallied to $218.88 for the first time in 1 year

Published: May 27 2023, 08:31 GMT+0

Workday rallied to $218.88 for the first time in 1 year

After ending Thursday at $196.41, Workday Inc rallied to $218.88 yesterday, hitting its highest point in 1 year. It later lost $2.81 and closed at $216.07.

Workday's uptick comes amid disappointing United States macroeconomic data released during the session – United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other technology stocks also showed bullish price action as Intel was up 5.84%. Qualcomm was up 6.09%. Accenture plc Class A (Ireland) traded at $303.6 after closing yesterday's trading day at $291.76 (up 4.06%).

The provider of enterprise cloud applications for human resources has fallen back around 8.63% from the significant high of $214.97 set a day ago.