WDAY is out with earnings and is trading flat on 8200 shares traded. The bid/ask spread is .25. This is very strange, the stock makes the same exact average earnings gap move as it does average post earnings move, of 5.23%. I'm guessing this rips off the open and prevents non-directional entry.
| WDAY | 5.23 | 9.5 | 2.2 |
From Marketwatch:
Salesforce.com Inc. CRM, +11.45% shares surged 9.1% to $68.61 on heavy volume after the cloud-based business software company said it expects fiscal 2016 revenue of $6.48 billion to $6.52 billion and turned in adjusted fourth-quarter earnings of 14 cents a share on revenue of $1.44 billion, just what analysts surveyed by FactSet estimated.
| CRM | 4.82 | 7.70 | 2.40 |
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