Paycom Software Inc’s filing revealed that its CEO, President and Chairman Richison Chad R. unloaded Company’s shares for reported $0.45 million on Nov 13 ’24. In the deal valued at $229.09 per share,1,950 shares were sold. As a result of this transaction, Richison Chad R. now holds 2,731,410 shares worth roughly $640.87 million.
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Then, Richison Chad R. sold 1,950 shares, generating $446,732 in total proceeds. Upon selling the shares at $229.09, the CEO, President and Chairman now owns 3,427,249 shares.
Before that, Richison Chad R. sold 1,950 shares. Paycom Software Inc shares valued at $445,860 were divested by the CEO, President and Chairman at a price of $228.65 per share. As a result of the transaction, Richison Chad R. now holds 2,733,360 shares, worth roughly $641.33 million.
BTIG Research initiated its Paycom Software Inc [PAYC] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. UBS began covering PAYC with “Buy” recommendation on November 07, 2023. BofA Securities revised its rating on November 02, 2023. It rated PAYC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PAYC
On Monday, Paycom Software Inc [NYSE:PAYC] saw its stock jump 1.87% to $234.63. Over the last five days, the stock has gained 7.19%. Paycom Software Inc shares have risen nearly 13.50% since the year began. Nevertheless, the stocks have risen 31.45% over the past one year. While a 52-week high of $233.69 was reached on 11/25/24, a 52-week low of $139.50 was recorded on 07/09/24. SMA at 50 days reached $187.07, while 200 days put it at $174.35.
Levels Of Support And Resistance For PAYC Stock
The 24-hour chart illustrates a support level at 232.30, which if violated will result in even more drops to 229.97. On the upside, there is a resistance level at 236.60. A further resistance level may holdings at 238.57. The Relative Strength Index (RSI) on the 14-day chart is 76.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.95%. Stochastics %K at 84.09% indicates the stock is a selling.
How much short interest is there in Paycom Software Inc?
A steep rise in short interest was recorded in Paycom Software Inc stocks on 2024-10-31, dropping by -0.23 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.68 million shares. There was a decline of -9.2%, which implies that there is a negative sentiment for the stock.
