Shares of Paychex Inc. /zigman2/quotes/202030365/composite PAYX +1.40% inched 0.07% higher to $121.89 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.38% rising 0.37% to 4,536.19 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.74% rising 0.43% to 35,609.34. This was the stock's sixth consecutive day of gains. Paychex Inc. hit a new 52-week high, surpassing its previous peak of $121.84, which the company achieved on October 19th.
The stock outperformed some of its competitors Wednesday, as Intuit Inc. /zigman2/quotes/203136605/composite INTU +4.14% fell 0.40% to $570.53, Automatic Data Processing Inc. /zigman2/quotes/207661132/composite ADP +2.90% fell 0.43% to $213.05, and Equifax Inc. /zigman2/quotes/208789454/composite EFX +2.62% fell 1.26% to $269.74. Trading volume (901,073) remained 482,975 below its 50-day average volume of 1.4 M.