Is it Time to Dump Paychex, Inc. (PAYX) Stock After it Is Up 1.73% in a Week?

Paychex, Inc. (PAYX) stock has risen 1.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Paychex, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PAYX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PAYX Stock Today?

Paychex, Inc. (PAYX) stock has fallen -0.38% while the S&P 500 has gained 0.06% as of 1:05 PM on Friday, Nov 24. PAYX has fallen -$0.45 from the previous closing price of $118.95 on volume of 548,148 shares. Over the past year the S&P 500 has risen 13.21% while PAYX has fallen -3.78%. PAYX earned $4.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 26.89. To screen for more stocks like Paychex, Inc. click here.

More About Paychex, Inc.

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services. Click Here to get the full Stock Report for Paychex, Inc. stock.