Shares of Paychex, Inc. PAYX are lower on the session by 1.50%, currently trading at $30.76. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the January 2012 $30.00 put was purchased 3,600 times, on the offer, on open interest of 798 contracts.
Overall put volume is now running at 11.39x the daily average with 86% of all puts traded being purchases on the offer.
Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. As of May 31, 2010, the company serviced approximately 536,000 clients.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in