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Updated · MarketWatch · May 7Paycom Software stock rises 9.55% and outperforms peers
7 articles · Updated · MarketWatch · May 7
- Shares closed at $138.43 on Thursday, while the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
- The gain ended a two-day losing streak and beat moves by Oracle, up 0.29%, Intuit, up 4.69%, and ServiceNow, up 5.10%.
- Trading volume reached 2.2 million shares, above its 50-day average of 1.6 million, though the stock remains 48.30% below its 52-week high of $267.76.
After a 48% plunge, can Paycom's AI and massive buyback program truly restore its former glory? Is Paycom's AI-powered payroll a defensible moat or just a temporary edge in the HCM software wars?