Shares of Paycom Software Inc. /zigman2/quotes/208108773/composite PAYC +0.95% advanced 1.25% to $273.82 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 -0.42% rising 1.46% to 3,789.99 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.18% rising 1.00% to 30,668.53. This was the stock's second consecutive day of gains. Paycom Software Inc. closed $285.15 short of its 52-week high ($558.97), which the company reached on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Oracle Corp. /zigman2/quotes/202180826/composite ORCL +0.39% fell 1.44% to $69.70, Workday Inc. Cl A /zigman2/quotes/201157610/composite WDAY -0.22% rose 2.46% to $142.81, and Paychex Inc. /zigman2/quotes/202030365/composite PAYX 0.00% rose 0.41% to $117.95. Trading volume (355,553) remained 119,357 below its 50-day average volume of 474,910.