Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 has risen 2.82% while the S&P 500 is lower by -0.28% as of 2:35 PM on Wednesday, Jan 19. PAYC is higher by $9.10 from the previous closing price of $322.73 on volume of 334,535 shares. Over the past year the S&P 500 has gained 20.15% while PAYC is lower by -16.49%. PAYC earned $2.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 113.21.
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.
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