Shares of Paychex Inc. /zigman2/quotes/202030365/composite PAYX +1.14% inched 0.80% higher to $109.37 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.11% rising 0.95% to 4,395.64 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.21% rising 1.00% to 34,258.32. This was the stock's second consecutive day of gains. Paychex Inc. closed $8.85 short of its 52-week high ($118.22), which the company reached on August 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Intuit Inc. /zigman2/quotes/203136605/composite INTU +2.15% rose 1.36% to $562.80, Automatic Data Processing Inc. /zigman2/quotes/207661132/composite ADP +1.42% rose 0.64% to $198.31, and Equifax Inc. /zigman2/quotes/208789454/composite EFX +5.01% rose 1.27% to $262.68. Trading volume (1.6 M) eclipsed its 50-day average volume of 1.3 M.