The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Paycor HCM Inc shares valued at $28,994 were sold by Geene Alice L on Apr 04 ’24. At $18.39 per share, Geene Alice L sold 1,577 shares. The insider’s holdings dropped to 107,581 shares worth approximately $1.94 million following the completion of this transaction.
Also, Corr Jonathan sold 1,508 shares, netting a total of over 27,595 in proceeds. Following the sale of shares at $18.30 each, the insider now holds 18,480 shares.
Before that, PRIDE GP, INC. had sold 8,000,000 shares from its account. In a trade valued at $160,368,000, the 10% Owner traded Paycor HCM Inc shares for $20.05 each. Upon closing the transaction, the insider’s holdings decreased to 8,000,000 shares, worth approximately $0.0.
As published in their initiating research note from BTIG Research on February 06, 2024, Paycor HCM Inc [PYCR] has been a Buy and the price target has been revised to $26. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of November 07, 2023, UBS has initiated its “Neutral” rating for PYCR. Earlier on June 28, 2023, Mizuho initiated its rating. Their recommendation was “a Neutral” for PYCR stock.
Analyzing PYCR Stock Performance
During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, Paycor HCM Inc shares have dropped approximately -16.49%. Shares of the company reached a 52-week high of $21.72 on 02/27/24 and a 52-week low of $17.90 on 04/08/24. A 50-day SMA is recorded $19.75, while a 200-day SMA reached $21.75. Nevertheless, trading volume fell to 0.5 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Paycor HCM Inc (PYCR)
According to the 24-hour chart, there is a support level at 17.80, which, if violated, would cause prices to drop to 17.58. In the upper region, resistance lies at 18.40. The next price resistance is at 18.78. RSI (Relative Strength Index) is 36.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 92.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Paycor HCM Inc subject to short interest?
Stocks of Paycor HCM Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.17 million shares to 9.56 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.39 million shares. A jump of 1.78% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 13 of the overall float, the days-to-cover ratio (short ratio) jumped to 13.
