Shares of Paychex Inc. PAYX slid 0.45% to $96.31 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.11% to 4,170.42 and the Dow Jones Industrial Average DJIA rising 0.90% to 34,035.99. The stock's fall snapped a two-day winning streak. Paychex Inc. closed $4.84 below its 52-week high ($101.15), which the company reached on April 5th.
The stock underperformed when compared to some of its competitors Thursday, as Intuit Inc. INTU rose 1.52% to $417.56, Automatic Data Processing Inc. ADP rose 0.39% to $191.89, and Equifax Inc. EFX rose 1.52% to $188.35. Trading volume (1.7 M) remained 194,285 below its 50-day average volume of 1.9 M.