Shares of Paycom Software Inc. /zigman2/quotes/208108773/composite PAYC -1.04% slipped 8.79% to $268.50 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.11% falling 3.88% to 3,749.63 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.86% falling 2.79% to 30,516.74. This was the stock's third consecutive day of losses. Paycom Software Inc. closed $290.47 short of its 52-week high ($558.97), which the company reached on November 2nd.
The stock underperformed when compared to some of its competitors Monday, as Oracle Corp. /zigman2/quotes/202180826/composite ORCL -0.59% fell 4.60% to $64.05, Workday Inc. Cl A /zigman2/quotes/201157610/composite WDAY -1.90% fell 4.72% to $142.23, and Paychex Inc. /zigman2/quotes/202030365/composite PAYX -0.24% fell 2.84% to $117.21. Trading volume (381,874) remained 93,963 below its 50-day average volume of 475,837.