Shares of Paycom Software Inc. /zigman2/quotes/208108773/composite PAYC -5.57% shed 3.10% to $491.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.89% falling 0.82% to 4,646.71 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% falling 0.66% to 36,079.94. This was the stock's second consecutive day of losses. Paycom Software Inc. closed $67.37 short of its 52-week high ($558.97), which the company achieved on November 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Oracle Corp. /zigman2/quotes/202180826/composite ORCL -0.60% fell 0.80% to $93.83, Workday Inc. Cl A /zigman2/quotes/201157610/composite WDAY -2.41% fell 0.84% to $291.01, and Paychex Inc. /zigman2/quotes/202030365/composite PAYX -1.92% rose 0.11% to $123.11. Trading volume (264,124) remained 82,677 below its 50-day average volume of 346,801.