Should You Buy Paycom Software Inc (PAYC) Stock After it Is Down 13.04% in a Week?

The market has been down on Paycom Software Inc (PAYC) stock recently. PAYC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Paycom Software Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PAYC!

See Full PAYC Report

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 PAYC Stock Today?

Paycom Software Inc (PAYC) stock is trading at $352.13 as of 1:50 PM on Monday, Jan 10, a decline of -$3.52, or -0.99% from the previous closing price of $355.65. The stock has traded between $342.99 and $352.91 so far today. Volume today is less active than usual. So far 226,728 shares have traded compared to average volume of 439,711 shares. To see InvestorsObserver's Sentiment Score for Paycom Software Inc click here.

More About Paycom Software Inc

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 16,000 clients, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add on modules including time and attendance, talent management, and benefits administration. Click Here to get the full Stock Report for Paycom Software Inc stock.