Shares of Paychex Inc. /zigman2/quotes/202030365/composite PAYX -2.10% slumped 0.48% to $123.18 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -2.27% rising 0.47% to 4,566.48 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% rising 0.18% to 35,741.15. The stock's fall snapped an eight-day winning streak. Paychex Inc. closed $1.03 below its 52-week high ($124.21), which the company achieved on October 22nd.
The stock underperformed when compared to some of its competitors Monday, as Intuit Inc. /zigman2/quotes/203136605/composite INTU -2.50% rose 1.99% to $602.56, Automatic Data Processing Inc. /zigman2/quotes/207661132/composite ADP -2.03% rose 0.15% to $218.07, and Equifax Inc. /zigman2/quotes/208789454/composite EFX -2.02% rose 2.42% to $274.78. Trading volume (909,848) remained 485,282 below its 50-day average volume of 1.4 M.