Is Paycom Software Stock a Buy Now?
Paycom's (NYSE: PAYC) stock soared to a record high of $550.61 during the peak of the growth stock rally on Nov. 2, 2021. That marked a 3,571% gain from its debut price of $14 per share on April 15, 2014 -- but it now trades at about $200.
Therefore, a $1,000 investment in the online payroll services provider's IPO would have briefly grown to over $39,000 before shrinking back to about $14,000. That's still an astounding 10-year gain, but is Paycom's stock still worth buying today?
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Source Fool.com
