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Workday Inc. (WDAY) Is Pulling Back After Follow-On Offering Announced

Workday Inc. (WDAY) announced after the bell Monday that it commenced an underwritten registered public offering of 6,000,000 shares of its Class A common stock. The stock is now down 2.07 on 16K shares.

Workday declined for the majority of the afternoon Monday and closed down by 1.81 at $87.88. The stock pulled back from the highs of the year.

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