Paychex Inc.’s filing revealed that its 10% Owner GOLISANO B THOMAS acquired Company’s shares for reported $5.96 million on Oct 21 ’24. In the deal valued at $142.00 per share,41,985 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Bottini Mark Anthony sold 46,875 shares, generating $6,649,937 in total proceeds. Upon selling the shares at $141.87, the Sr. VP of Sales now owns 79,746 shares.
Before that, Schrader Robert L. sold 13,015 shares. Paychex Inc. shares valued at $1,852,673 were divested by the Sr. VP, CFO at a price of $142.35 per share. As a result of the transaction, Schrader Robert L. now holds 17,362 shares, worth roughly $2.44 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 -0.95% to $140.33. Over the last five days, the stock has lost -0.85%. Paychex Inc. shares have risen nearly 17.82% since the year began. Nevertheless, the stocks have risen 25.08% over the past one year. While a 52-week high of $144.17 was reached on 10/15/24, a 52-week low of $106.27 was recorded on 04/02/24. SMA at 50 days reached $134.86, while 200 days put it at $125.35.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 139.43, which if violated will result in even more drops to 138.52. On the upside, there is a resistance level at 142.00. A further resistance level may holdings at 143.66. The Relative Strength Index (RSI) on the 14-day chart is 57.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.65%. Stochastics %K at 57.24% 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 2024-10-15, dropping by -1.64 million shares to a total of 18.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 20.53 million shares. There was a decline of -8.69%, which implies that there is a negative 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.
