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Why Are Investors Bullish On Paychex Stock?

Posted on 2022-05-102022-05-10 by News Admin

Returns of -3.5% or lower over a five-day period on 218 occasions out of 2516 (9%); Stock rose in the next five days in 124 of these 218 instances (57%).

After observing a sell-off in early January, the stock again observed a dip in recent weeks. over a five-day trading period, compared to the broader market (S&P500) which declined 3.3% over the same period. Ten Days: PAYX -6%, vs. S&P 500 -5.4%; Underperformed market (5% event probability)PAYX stock lost 6% over the last ten trading days (two weeks), compared to the broader market (S&P500) which declined 5.4%. over the last ten trading days (two weeks), compared to the broader market (S&P500) which declined 5.4%. over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which lost 8.2%.

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