Shares of PerkinElmer Inc. (NYS:PKI) 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 (S&P:SPX) rising 0.24% to 4,422.30 and the Dow Jones Industrial Average (DOW:DJIA) 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. (NYS:TMO) fell 0.59% to $529.12, Becton Dickinson & Co. (NYS:BDX) fell 0.66% to $249.43, and Illumina Inc. (NAS:ILMN) fell 0.81% to $491.51. Trading volume (2.0 M) eclipsed its 50-day average volume of 690,221.