Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Paychex Inc shares valued at $6,531,282 were purchased by GOLISANO B THOMAS on Nov 13 ’24. At $147.80 per share, GOLISANO B THOMAS acquired 44,190 shares.
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Also, GOLISANO B THOMAS purchased 142,350 shares, netting a total of over 20,925,450 in proceeds.
Before that, GOLISANO B THOMAS had added 7,300 shares to its account. In a trade valued at $1,022,000, the 10% Owner bought Paychex Inc shares for $140.00 each.
As published in a research note from TD Cowen on December 22, 2023, Paychex Inc [PAYX] has been rated down from an Outperform to a Market perform and the price target has been revised to $123 from $132. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of November 07, 2023, UBS has initiated its “Neutral” rating for PAYX. Earlier on September 05, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for PAYX stock.
Analyzing PAYX Stock Performance
During the last five days, there has been a drop of approximately -1.39%. Over the course of the year, Paychex Inc shares have jumped approximately 23.02%. Shares of the company reached a 52-week high of $150.71 on 11/11/24 and a 52-week low of $114.72 on 04/02/24. A 50-day SMA is recorded $138.71, while a 200-day SMA reached $126.82. Nevertheless, trading volume fell to 2.65 million shares from 2.32 million shares the previous day.
Support And Resistance Levels for Paychex Inc (PAYX)
According to the 24-hour chart, there is a support level at 145.76, which, if violated, would cause prices to drop to 144.99. In the upper region, resistance lies at 147.75. The next price resistance is at 148.97. RSI (Relative Strength Index) is 62.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.28, which suggests the price will increase in the coming days. Percent R is at 32.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
