Shares of Paycom Software Inc. PAYC shed 0.50% to $400.48 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.62% to 3,635.41 and the Dow Jones Industrial Average DJIA rising 1.54% to 30,046.24. The stock's fall snapped a three-day winning streak. Paycom Software Inc. closed $19.50 short of its 52-week high ($419.98), which the company achieved on November 9th.
The stock underperformed when compared to some of its competitors Tuesday, as Oracle Corp. ORCL rose 2.66% to $57.57, Workday Inc. Cl A WDAY rose 2.92% to $213.14, and Paychex Inc. PAYX rose 1.91% to $93.73. Trading volume (230,690) remained 188,767 below its 50-day average volume of 419,457.