Health Catalyst, Commerce, and Paycom Shares Fall Amid Tech Selloff

Price ActionGeopolitics
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of Health Catalyst, Commerce, and Paycom declined in afternoon trading as tech stocks faced pressure from rising oil prices and an unwinding of retail leverage. Health Catalyst fell 2.2%, Commerce dropped 1.5%, and Paycom slid 2.8%. The selloff was driven by a reinstated U.S. naval blockade on Iran that pushed Brent crude above $85 a barrel, fueling expectations the Federal Reserve will hold rates in the 3.50%–3.75% range and raising the cost of capital for software firms. Paycom, which is down 3.5% year-to-date and trading 38.4% below its 52-week high, saw its move considered meaningful but not fundamentally business-altering by the market.

Impact on stocks 5

Artificial Intelligence▼ · 3 stocks
Commerce.com, Inc.
CMRC
▼ NegativeMonetaryrelevance

Rising oil prices from Iran blockade fuel rate hike expectations, raising cost of capital for software firms.

Cloud & Digital Infrastructure▼ · 2 stocks
Health Catalyst Inc
HCAT
▼ NegativeMonetaryrelevance

Rising oil prices from Iran blockade fuel rate hike expectations, raising cost of capital for software firms.

Paycom Software, Inc.
PAYC
▼ NegativeMonetaryrelevance

Rising oil prices from Iran blockade fuel rate hike expectations, raising cost of capital for software firms.

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