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Workday Shares Could Work Their Way Lower

Workday Shares Could Work Their Way Lower

HR cloud company Workday was downgraded to "hold" from "buy" by a sell-side firm Monday and was hit with a price target cut at another firm. In this daily bar chart of WDAY, below, we can see the past 12 months of price activity. WDAY is trading below the declining 50-day moving average line and below the declining 200-day line.