Shares of Paycom Software Inc. PAYC rallied 2.02% to $437.15 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.88% to 3,699.12 and the Dow Jones Industrial Average DJIA rising 0.83% to 30,218.26. This was the stock's third consecutive day of gains. Paycom Software Inc. hit a new 52-week high, surpassing its previous peak of $437.00, which the company reached on December 3rd.
The stock outperformed some of its competitors Friday, as Oracle Corp. ORCL rose 1.16% to $59.96, Workday Inc. Cl A WDAY fell 0.89% to $222.18, and Paychex Inc. PAYX rose 1.25% to $94.47. Trading volume (352,721) remained 47,584 below its 50-day average volume of 400,305.