Shares of enterprise software company Workday (NASDAQ:WDAY) jumped 8% in the morning session after activist investor Elliott Management disclosed a more than $2 billion stake and praised the company's leadership.
Shares of Workday Inc. (NASDAQ:WDAY) are rising Wednesday after activist investor Elliott Investment Management revealed a $2 billion stake in the human resources technology firm, signaling strong confidence in recent moves.
Small-cap and blue-chip stocks advanced in Wednesday morning trading on Wall Street, while technology names lagged and the S&P 500 hovered near record levels as investors braced for the Federal Reserve's interest rate decision.
Piper Sandler upgraded Workday to ‘Neutral’ from ‘Underweight’ and raised the price target to $235 from $220, noting that it sees early signs that the company’s efforts to increase relevancy in artificial intelligence have accelerated.
Workday to acquire Sana, an AI company, for $1.1B. Deal will enhance Workday's work experience of the future by integrating knowledge, data, and actions.
In a stark reversal from the "Great Resignation" era, a new trend is sweeping across the global labor market: "job hugging." This phenomenon sees employees clinging to their current positions, often out of financial necessity and a deep-seated risk aversion in an increasingly uncertain economic climate. With inflation persistent, interest
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and hr software stocks fared in Q2, starting with Workday (NASDAQ:WDAY).
A cash-heavy balance sheet is often a sign of strength, but not always.
Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow.
