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Updated · MarketWatch · May 6Paycom Software shares shed 4.04% and underperform rivals
6 articles · Updated · MarketWatch · May 6
- The stock closed at $126.36 on Wednesday, its second straight daily loss, even as the S&P 500 rose 1.46% and the Dow gained 1.24%.
- Paycom lagged Oracle, which climbed 4.68%, while Intuit fell 2.45% and ServiceNow dropped 3.22% in the same session.
- Shares finished 52.81% below their 52-week high of $267.76 reached on 5 June, while trading volume of 1.4 million stayed below the 50-day average.
Are Paycom's plunging shares a sign of internal fumbles or an unstoppable onslaught from rivals like Intuit? With strong profits but slowing growth, is Paycom's stock a value trap or a deeply undervalued tech leader? Can Paycom's AI 'Beti' outmaneuver rivals and reverse its dramatic stock slide despite slowing growth?