Leon Cooperman on the 2019 Delivering Alpa convention in New York on Sept. 19. 2019.Adam Jeffery | CNBCShares of Workday climbed on Tuesday when bi
Leon Cooperman on the 2019 Delivering Alpa convention in New York on Sept. 19. 2019.
Adam Jeffery | CNBC
Shares of Workday climbed on Tuesday when billionaire investor Leon Cooperman mentioned he had taken a stake within the firm.
Cooperman, the founding father of Omega Advisors, spoke Tuesday with CNBC’s Scott Wapner on the “Halftime Report.” He mentioned his firm purchased into Workday when it was at about $140 per share. The inventory opened at slightly below $197 per share on Tuesday, spiking to greater than $199 per share after Cooperman introduced his place.
“They’re choosing up market share. They’ve a really well-regarded product. All of the check-ins we now have performed are very favorable,” Cooperman mentioned.
The human resources-focused software program firm has seen its inventory rise by about 20% up to now in 2020. It was up about 0.75% on Tuesday.
Cooperman mentioned one of many analysts at Omega Advisors that really helpful the inventory beforehand informed him to get into shares like Amazon and Microsoft.
“They’re rising very quickly with very robust administration,” Cooperman mentioned. “Is it my favourite concept? No, but it surely’s new to the portfolio.”
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