Shares of Paychex Inc. /zigman2/quotes/202030365/composite PAYX -0.16% inched 0.86% higher to $110.31 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.27% rising 1.21% to 4,448.98 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.34% rising 1.48% to 34,764.82. This was the stock's third consecutive day of gains. Paychex Inc. closed $7.91 short of its 52-week high ($118.22), which the company reached on August 16th.
The stock underperformed when compared to some of its competitors Thursday, as Intuit Inc. /zigman2/quotes/203136605/composite INTU -0.31% rose 2.59% to $577.37, Automatic Data Processing Inc. /zigman2/quotes/207661132/composite ADP -0.66% rose 1.55% to $201.39, and Equifax Inc. /zigman2/quotes/208789454/composite EFX -1.79% rose 0.93% to $265.12. Trading volume (1.1 M) remained 281,924 below its 50-day average volume of 1.3 M.