Published on 26 Feb 2024 on Zacks via Yahoo Finance
Paycom Software, Inc. (PAYC) Is a Trending Stock: Facts to Know Before Betting on It
Paycom Software (PAYC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this maker of human-resources and payroll software have returned -4.7%, compared to the Zacks S&P 500 composite's +4.7% change. During this period, the Zacks Internet - Software industry, which Paycom falls in, has gained 11.1%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.