Dayforce Inc.'s stock (NYSE:DAY) has been in the spotlight following a series of analyst downgrades with the price target reduced to $80 by
Mizuho and BMO Capital Markets adjusting its target to $75. Despite mixed Q1 2024 earnings results, there is an emphasis on its customer growth acceleration and robust revenue growth. However, the companyβs stock experienced a dip, with a new one-year low at $55.30. An EVP and COO,
Christopher Armstrong, offloaded 60,000 shares which added to the bearish sentiment. There is an ongoing investigation into
Dayforce by
Bronstein, Gewirtz & Grossman, LLC which encourages investors to seek compensation.
Dayforce is also dealing with a short interest situation, and investors have experienced significant losses. There is mention of
Ceridian becoming
Dayforce and also changing the ticker symbol to 'DAY' on both NYSE and TSX. The company's full-year guidance underwhelmed, some believe this company can manage its current debt. Blue Orca Capital has taken a short position, thereby exerting more pressure on the stock.
Dayforce now provides a new tiered approach to managed payroll, and certain businesses are adopting the same-day pay model as a retention and recruitment strategy.
Dayforce DAY News Analytics from Sun, 14 May 2017 07:00:00 GMT to Wed, 08 May 2024 07:49:24 GMT -
Rating -3
- Innovation 1
- Information 5
- Rumor -1