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After Yesterday's Decline of 11.65%, Workiva Inc Offers Investors Better Value

By David Diaz

Workiva Inc (NYSE:WK) traded in a range yesterday that spanned from a low of $38.05 to a high of $39.95. Yesterday, the shares fell 11.7%, which took the trading range below the 3-day low of $39.09 on volume of 93,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Workiva Inc share prices have been bracketed by a low of $31.83 and a high of $64.11 and are now at $39.72, 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Workiva Inc and will alert subscribers who have WK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders workiva inc

Ticker(s): WK