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Dec. 9, 2020, 8:03 p.m. EST

Paychex Inc. stock outperforms market despite losses on the day

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Shares of Paychex Inc. PAYX dropped 0.12% to $93.22 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.79% to 3,672.82 and Dow Jones Industrial Average DJIA falling 0.35% to 30,068.81. This was the stock's third consecutive day of losses. Paychex Inc. closed $1.73 below its 52-week high ($94.95), which the company reached on November 9th.

Despite its losses, the stock outperformed some of its competitors Wednesday, as Intuit Inc. INTU fell 2.26% to $364.18, Automatic Data Processing Inc. ADP fell 0.40% to $173.84, and Equifax Inc. EFX fell 2.31% to $179.98. Trading volume (1.5 M) eclipsed its 50-day average volume of 1.5 M.

Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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