Paychex Inc.’s recent filing unveils that its Officer Gioja Michael E acquired Company’s shares for reported $2.05 million on Oct 04 ’24. In the deal valued at $139.18 per share,14,731 shares were bought.
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Then, DOODY JOSEPH sold 8,641 shares, generating $1,129,292 in total proceeds. Upon selling the shares at $130.69, the Director now owns 761 shares.
Before that, DOODY JOSEPH bought 8,641 shares. Paychex Inc. shares valued at $1,129,309 were divested by the Director at a price of $130.69 per share.
TD Cowen downgraded its Paychex Inc. [PAYX] rating to a Market perform from a an Outperform in a research note published on December 22, 2023; the price target was decreased to $123 from $132. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “an Equal weight”. UBS began covering PAYX with “Neutral” recommendation on November 07, 2023. RBC Capital Mkts started covering the stock on September 05, 2023. It rated PAYX as “a Sector perform”.
Price Performance Review of PAYX
On Friday, Paychex Inc. [NASDAQ:PAYX] saw its stock fall -0.51% to $138.65. Over the last five days, the stock has gained 4.26%. Paychex Inc. shares have risen nearly 16.40% since the year began. Nevertheless, the stocks have risen 20.27% over the past one year. While a 52-week high of $142.04 was reached on 10/02/24, a 52-week low of $106.27 was recorded on 04/02/24. SMA at 50 days reached $130.34, while 200 days put it at $123.80.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 137.76, which if violated will result in even more drops to 136.86. On the upside, there is a resistance level at 140.11. A further resistance level may holdings at 141.56. The Relative Strength Index (RSI) on the 14-day chart is 65.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.20%. Stochastics %K at 76.00% indicates the stock is a holding.
How much short interest is there in Paychex Inc.?
A steep rise in short interest was recorded in Paychex Inc. stocks on 2024-09-13, growing by 2.63 million shares to a total of 20.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.9 million shares. There was a rise of 12.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 02, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $115 price target.
