Paychex (PAYX) Shares are Down -3.41%

Paychex (PAYX) : During the past 4 weeks, traders have been relatively bearish on Paychex (PAYX), hence the stock is down -4.81% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.56% relative to the S&P 500. The 4-week change in the price of the stock is -5.32% and the stock has fallen -3.41% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 3.15%.The 200 Day SMA reached 7.11%

Paychex

Paychex (NASDAQ:PAYX): After opening at $57.43, the stock dipped to an intraday low of $57.2111 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.12 and the buying power remained strong till the end. The stock closed at $57.87 for the day, a gain of 1.24% for the day session. The total traded volume was 2,444,829. The stocks close on the previous trading day was $57.87.

Paychex (PAYX) : The consensus price target for Paychex (PAYX) is $54.33 for the short term with a standard deviation of $7.71. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $40.

Paychex, Inc., is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.