Shares of Paychex Inc. /zigman2/quotes/202030365/composite PAYX +2.42% rallied 1.14% to $123.77 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.82% rising 0.21% to 35,677.02 and the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.42% falling 0.11% to 4,544.90. This was the stock's eighth consecutive day of gains. Paychex Inc. hit a new 52-week high, surpassing its previous peak of $122.51, which the company achieved on October 21st.
The stock underperformed when compared to some of its competitors Friday, as Intuit Inc. /zigman2/quotes/203136605/composite INTU +1.24% rose 2.15% to $590.80, Automatic Data Processing Inc. /zigman2/quotes/207661132/composite ADP +2.45% rose 1.42% to $217.75, and Equifax Inc. /zigman2/quotes/208789454/composite EFX +4.84% rose 5.01% to $268.28. Trading volume (1.2 M) remained 190,210 below its 50-day average volume of 1.4 M.