Paychex Inc’s recently made public that its 10% Owner GOLISANO B THOMAS acquired Company’s shares for reported $0.38 million on Nov 14 ’24. In the deal valued at $145.90 per share,2,605 shares were bought.
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Then, GOLISANO B THOMAS bought 44,190 shares, generating $6,531,282 in total proceeds.
Before that, GOLISANO B THOMAS bought 142,350 shares. Paychex Inc shares valued at $20,925,450 were divested by the 10% Owner at a price of $147.00 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 Monday, Paychex Inc [NASDAQ:PAYX] saw its stock fall -0.84% to $141.76. Over the last five days, the stock has lost -4.69%. Paychex Inc shares have risen nearly 19.02% since the year began. Nevertheless, the stocks have risen 21.69% over the past one year. While a 52-week high of $150.71 was reached on 11/11/24, a 52-week low of $114.72 was recorded on 04/02/24. SMA at 50 days reached $139.49, while 200 days put it at $127.15.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 141.04, which if violated will result in even more drops to 140.32. On the upside, there is a resistance level at 143.05. A further resistance level may holdings at 144.34. The Relative Strength Index (RSI) on the 14-day chart is 47.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.53%. Stochastics %K at 43.34% 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 2024-10-31, dropping by -0.54 million shares to a total of 18.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19.47 million shares. There was a decline of -2.83%, 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.
