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Alex Perry

Workday Stock Jumps After Activist Investor Reveals $2 Billion Stake

Workday Elliott WDAY Elliott Investment Management Workday Inc.

August,25,,2019,Pleasanton, - ,Ca, - ,Usa,-,Close

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.

What To Know: Workday stock traded up to $240 after Elliott announced an investment of more than $2 billion and said it has been collaborating with the company. Shares were up about 7% at last check, according to Benzinga Pro.

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