Shares of AutoZone Inc. /zigman2/quotes/209114484/composite AZO +1.30% advanced 2.14% to $2,104.04 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +2.47% rising 0.14% to 4,793.06 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.76% rising 0.25% to 36,488.63. This was the stock's third consecutive day of gains. AutoZone Inc. hit a new 52-week high, surpassing its previous peak of $2,065.72, which the company achieved on December 16th.
The stock outperformed some of its competitors Wednesday, as O'Reilly Automotive Inc. /zigman2/quotes/207206119/composite ORLY +1.28% rose 1.62% to $708.14, Advance Auto Parts Inc. /zigman2/quotes/202065737/composite AAP +1.13% rose 1.22% to $241.03, and Monro Inc. /zigman2/quotes/209907008/composite MNRO +2.23% rose 0.56% to $59.54. Trading volume (100,655) remained 58,122 below its 50-day average volume of 158,777.