WDAY is trading 4.4% up today at $127.84 in pre-market, extending last week’s sharp jump following its addition to the Russell 1000 Value index.
- The inclusion is driving significant incremental demand from institutional investors and index-tracking funds.
- The stock is outperforming broader index futures, which are trading slightly lower, suggesting strong follow-through buying and positioning.
- Momentum remains high due to recent benchmark inclusion and robust software demand, despite a lack of new company-specific headlines this morning.