Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Paycom Software Inc shares valued at $278,547 were sold by Richison Chad R. on Jun 18 ’24. At $142.84 per share, Richison Chad R. sold 1,950 shares. The insider’s holdings dropped to 3,628,099 shares worth approximately $528.54 million following the completion of this transaction.
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Also, Richison Chad R. sold 1,950 shares, netting a total of over 278,547 in proceeds. Following the sale of shares at $142.84 each, the insider now holds 3,051,008 shares.
Before that, Richison Chad R. had sold 1,950 shares from its account. In a trade valued at $277,244, the CEO, President and Chairman traded Paycom Software Inc shares for $142.18 each. Upon closing the transaction, the insider’s holdings decreased to 1,950 shares, worth approximately $528.83 million.
As published in their initiating research note from BTIG Research on February 06, 2024, Paycom Software Inc [PAYC] has been a Neutral. 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 “Buy” rating for PAYC. Earlier on November 02, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for PAYC stock which previously was a “a Buy”.
Analyzing PAYC Stock Performance
During the last five days, there has been a surge of approximately 1.05%. Over the course of the year, Paycom Software Inc shares have dropped approximately -29.53%. Shares of the company reached a 52-week high of $207.99 on 04/09/24 and a 52-week low of $140.12 on 06/14/24. A 50-day SMA is recorded $170.83, while a 200-day SMA reached $200.61. Nevertheless, trading volume fell to 0.8 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Paycom Software Inc (PAYC)
According to the 24-hour chart, there is a support level at 142.40, which, if violated, would cause prices to drop to 139.12. In the upper region, resistance lies at 147.46. The next price resistance is at 149.24. RSI (Relative Strength Index) is 34.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 67.00%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
