Should You Buy Paycom Software Inc (PAYC) Stock on Tuesday?

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

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

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PAYC Stock Today?

Paycom Software Inc (PAYC) stock is trading at $178.50 as of 3:00 PM on Tuesday, Nov 21, a loss of -$3.94, or -2.16% from the previous closing price of $182.44. The stock has traded between $177.78 and $182.15 so far today. Volume today is less active than usual. So far 378,075 shares have traded compared to average volume of 1,401,046 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.