Shares of Paychex Inc. PAYX inched 0.73% higher to $98.22 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.93% to 4,173.42 and the Dow Jones Industrial Average DJIA rising 0.93% to 34,137.31. This was the stock's second consecutive day of gains. Paychex Inc. closed $2.93 below its 52-week high ($101.15), which the company reached on April 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Intuit Inc. INTU rose 0.88% to $408.95, Automatic Data Processing Inc. ADP rose 0.78% to $194.31, and Equifax Inc. EFX rose 0.22% to $192.63. Trading volume (1.2 M) remained 754,903 below its 50-day average volume of 2.0 M.