Ceridian HCM Holding Inc. ($CDAY) Stock Forecast: Up 5.3% Today

What is Ceridian HCM Holding Inc.?

CDAY is a stock in the professional services industry. Today, it experienced a strong bullish movement.

Why is Ceridian HCM Holding Inc. going up?

CDAY stock is up 5.3% on Nov 29, 2023 15:01

• The bullish movement in CDAY could be attributed to positive news or developments within the professional services industry.
• It is possible that CDAY's competitor, Automatic Data Processing (ADP), had a positive industry comparison or evaluation, which could have had a spillover effect on CDAY's stock.
• The overall bullish sentiment in the market could have also contributed to the upward movement of CDAY's stock.
• It is important to keep an eye on any further developments or news within the professional services industry that could impact CDAY's stock in the future.

CDAY Price Chart

CDAY Technical Analysis

CDAY News

Inquiry Into Automatic Data Processing's Competitor Dynamics In Professional Services Industry - Automatic Data Processing ( NASDAQ:ADP )

In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating Automatic Data Processing ADP against its key ...

https://www.benzinga.com/news/23/11/35919164/inquiry-into-automatic-data-processings-competitor-dynamics-in-professional-services-industry

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Ceridian HCM Holding Inc. Price History

29.10.2023 - CDAY Stock was up 5.3%

• The bullish movement in CDAY could be attributed to positive news or developments within the professional services industry.
• It is possible that CDAY's competitor, Automatic Data Processing (ADP), had a positive industry comparison or evaluation, which could have had a spillover effect on CDAY's stock.
• The overall bullish sentiment in the market could have also contributed to the upward movement of CDAY's stock.
• It is important to keep an eye on any further developments or news within the professional services industry that could impact CDAY's stock in the future.

02.10.2023 - CDAY Stock was up 5.5%

• CDAY reported Q3 earnings that beat expectations with a non-GAAP EPS of $0.37, indicating strong financial performance.
• However, the company's revenue missed expectations, resulting in a YoY increase of 19.6% but falling short of estimates.
• Despite the revenue miss, CDAY's positive quarterly guidance and exceeding Q3 expectations provided encouragement to investors, contributing to the bullish market movement.
• The mixed results in earnings and revenue may have caused some volatility in the stock, but the overall positive sentiment was driven by the company's strong performance and optimistic outlook.

29.08.2023 - CDAY Stock was up 5.5%

• CDAY stock has shown a strong bullish movement today.
• The rising relative price performance of CDAY indicates positive investor sentiment.
• The articles suggest that CDAY may be considered a potential value trap, but this does not seem to have affected the bullish movement of the stock today.
• It is possible that other factors, such as positive market sentiment or company-specific news, have contributed to the bullish movement of CDAY.

25.09.2023 - CDAY Stock was down 5.8%

• Despite being recognized as a leader in the Gartner Magic Quadrant for Cloud HCM Suites, CDAY experienced a strong bearish movement today.
• The market might have reacted negatively to other factors such as overall market sentiment or specific news not mentioned in the provided articles.
• It is important to consider that market movements can be influenced by a variety of factors, and a single news article may not always provide a complete explanation for the market movement.

21.08.2023 - CDAY Stock was down 5.0%

• CDAY's stock had a bearish movement today, possibly influenced by the news of insider selling by Stephen Holdridge.
• The improved relative price performance mentioned in an article from Investors Business Daily might not have been enough to counter the negative impact of the insider selling.
• The selling of shares by an insider could have raised concerns among investors, leading to a bearish market movement for CDAY.

14.10.2023 - CDAY Stock was up 5.2%

• The CFO of Ceridian HCM, Noemie Heuland, sold 3,000 shares of CDAY, which could be seen as a negative signal.
• However, CDAY received a stock upgrade, with its relative strength rating rising from 64 to 73, indicating positive momentum.
• The combination of the insider sell alert and the stock upgrade suggests that there might be mixed sentiments among investors regarding CDAY's future performance.

03.07.2023 - CDAY Stock was up 6.4%

• The New Mexico Educational Retirement Board reduced its stake in CDAY, which may have created a positive sentiment among investors.
• CDAY recently had its Q2 2023 earnings call, which could have revealed positive financial results and outlook, leading to increased investor confidence.
• CDAY's Q2 non-GAAP EPS beat expectations, indicating strong financial performance.
• The upgrade of AppFolio's stock rating is unrelated to CDAY's market movement.

05.09.2023 - CDAY Stock was up 5.5%

• 1. The announcement of Ceridian becoming Dayforce could have contributed to the bullish movement. This rebranding and positioning as the go-to global people platform may have generated positive sentiment among investors.
• 2. The rise in the Composite Rating for CDAY indicates that the company is outperforming a significant portion of stocks in terms of fundamental and technical criteria. This positive assessment may have attracted more investors to the stock.
• 3. The increase in the Relative Strength (RS) Rating suggests that CDAY's price strength is improving compared to other stocks. This could have generated interest and buying activity from investors looking for stocks with rising relative strength.
• In summary, the bullish movement in CDAY's stock could be attributed to the company's rebranding as Dayforce, its strong performance in fundamental and technical criteria, and its improving price strength compared to other stocks.