Shares of PerkinElmer Inc. /zigman2/quotes/203769792/composite PKI -1.72% rallied 4.73% to $172.11 Monday, 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 +0.15% rising 0.24% to 4,422.30 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.10% rising 0.24% to 35,144.31. This was the stock's eighth consecutive day of gains. PerkinElmer Inc. hit a new 52-week high, surpassing its previous peak of $164.58, which the company achieved on July 23rd.
The stock outperformed some of its competitors Monday, as Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO +0.25% fell 0.59% to $529.12, Becton Dickinson & Co. /zigman2/quotes/205527610/composite BDX -0.25% fell 0.66% to $249.43, and Illumina Inc. /zigman2/quotes/203509482/composite ILMN -0.09% fell 0.81% to $491.51. Trading volume (2.0 M) eclipsed its 50-day average volume of 690,221.