Shares of Paychex Inc. (NAS:PAYX) 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 (S&P:SPX) rising 0.47% to 4,566.48 and the Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:INTU) rose 1.99% to $602.56, Automatic Data Processing Inc. (NAS:ADP) rose 0.15% to $218.07, and Equifax Inc. (NYS:EFX) rose 2.42% to $274.78. Trading volume (909,848) remained 485,282 below its 50-day average volume of 1.4 M.