Paycom Software Inc’s recently made public that its Co-CEO, President and Chairman Richison Chad R. unloaded Company’s shares for reported $0.35 million on May 20 ’24. In the deal valued at $179.78 per share,1,950 shares were sold. As a result of this transaction, Richison Chad R. now holds 3,667,099 shares worth roughly $658.87 million.
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Then, Richison Chad R. sold 1,950 shares, generating $350,564 in total proceeds. Upon selling the shares at $179.78, the Co-CEO, President and Chairman now owns 3,090,008 shares.
Before that, Richison Chad R. sold 1,950 shares. Paycom Software Inc shares valued at $352,608 were divested by the Co-CEO, President and Chairman at a price of $180.82 per share. As a result of the transaction, Richison Chad R. now holds 3,669,049 shares, worth roughly $659.22 million.
BTIG Research initiated its Paycom Software Inc [PAYC] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. UBS began covering PAYC with “Buy” recommendation on November 07, 2023. BofA Securities revised its rating on November 02, 2023. It rated PAYC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PAYC
On Tuesday, Paycom Software Inc [NYSE:PAYC] saw its stock fall -0.34% to $179.67. Over the last five days, the stock has gained 2.96%. Paycom Software Inc shares have fallen nearly -13.09% since the year began. Nevertheless, the stocks have fallen -37.04% over the past one year. While a 52-week high of $374.04 was reached on 04/09/24, a 52-week low of $146.15 was recorded on 05/02/24. SMA at 50 days reached $187.97, while 200 days put it at $214.39. A total of 0.38 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For PAYC Stock
The 24-hour chart illustrates a support level at 178.39, which if violated will result in even more drops to 177.10. On the upside, there is a resistance level at 180.81. A further resistance level may holdings at 181.95. The Relative Strength Index (RSI) on the 14-day chart is 47.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.01%. Stochastics %K at 74.00% indicates the stock is a holding.
