Elliott's $2 billion investment and AI strategy helps Workday (WDAY) stock price surge
Source: CoinWorld
Time: 2025-09-18 21:56:36
Workday shares soared more than 8% after activist investor Elliott Management announced a $2 billion stake in Workday, endorsing its leadership and multi-year strategy. The HR software provider also announced a $4 billion stock buyback program, a $1.1 billion AI acquisition program, and a strategic partnership with Microsoft. The stock has fallen 15% so far this year, hitting a high of $240.63 for a time intraday, with huge trading volume.