Paychex Inc.’s recent filing unveils that its Sr. Vice President Gioja Michael E unloaded Company’s shares for reported $3.67 million on Oct 09 ’24. In the deal valued at $139.03 per share,26,428 shares were sold. As a result of this transaction, Gioja Michael E now holds 14,515 shares worth roughly $2.02 million.
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Then, Gioja Michael E bought 26,428 shares, generating $3,674,339 in total proceeds.
Before that, Gioja Michael E sold 14,731 shares. Paychex Inc. shares valued at $2,050,261 were divested by the Sr. Vice President at a price of $139.18 per share. As a result of the transaction, Gioja Michael E now holds 14,515 shares, worth roughly $2.02 million.
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 -0.29% to $138.89. Over the last five days, the stock has gained 0.17%. Paychex Inc. shares have risen nearly 16.61% since the year began. Nevertheless, the stocks have risen 17.05% 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 $131.51, while 200 days put it at $124.19.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 138.41, which if violated will result in even more drops to 137.94. On the upside, there is a resistance level at 139.72. A further resistance level may holdings at 140.56. The Relative Strength Index (RSI) on the 14-day chart is 62.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.82%. Stochastics %K at 72.95% 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 2024-09-30, growing by 0.56 million shares to a total of 19.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 18.91 million shares. There was a rise of 2.86%, 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.
