Workday retreats $2.81 from 1 year high

The cloud applications for finance and human resources provider reached $218.88, breaking a 1 year record. Later, it lost $2.81 and is now trading at $216.07.

Workday's uptick comes amid disappointing United States macroeconomic data released during the session – data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

At the same time, 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.

This rally in Workday's share price coincided with other technology stocks as Intel traded at $29 after closing yesterday's trading day at $27.4 (up 5.84%). Qualcomm traded at $110.35 after closing yesterday's trading day at $104 (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 is now trading 8.63% below the significant high of $214.97 it set around a day ago.