Shares of PerkinElmer Inc. /zigman2/quotes/203769792/composite PKI +6.50% rose 1.74% to $176.80 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 +2.47% falling 0.97% to 4,532.76 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.76% falling 0.96% to 35,028.65. The stock's rise snapped a three-day losing streak. PerkinElmer Inc. closed $26.36 short of its 52-week high ($203.16), which the company reached on December 31st.
The stock outperformed some of its competitors Wednesday, as Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO +5.97% rose 0.55% to $593.37, Becton Dickinson & Co. /zigman2/quotes/205527610/composite BDX +1.57% rose 1.32% to $263.87, and Illumina Inc. /zigman2/quotes/203509482/composite ILMN +5.95% rose 0.32% to $384.36. Trading volume (1.2 M) eclipsed its 50-day average volume of 1.1 M.