Shares of Paycom Software Inc. /zigman2/quotes/208108773/composite PAYC -3.20% slipped 1.17% to $512.63 Wednesday, 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 -2.27% rising 0.37% to 4,536.19 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% rising 0.43% to 35,609.34. This was the stock's second consecutive day of losses. Paycom Software Inc. closed $17.29 short of its 52-week high ($529.92), which the company achieved on October 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Oracle Corp. /zigman2/quotes/202180826/composite ORCL -1.34% fell 0.43% to $96.64, Workday Inc. Cl A /zigman2/quotes/201157610/composite WDAY -0.12% fell 0.00% to $277.26, and Paychex Inc. /zigman2/quotes/202030365/composite PAYX -2.10% rose 0.07% to $121.89. Trading volume (374,572) eclipsed its 50-day average volume of 332,115.