Shares of PerkinElmer Inc. /zigman2/quotes/203769792/composite PKI -3.46% inched 0.80% higher to $156.63 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 -0.28% rising 0.82% to 4,358.69 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.21% rising 0.83% to 34,798.00. This was the stock's fifth consecutive day of gains. PerkinElmer Inc. closed $6.07 short of its 52-week high ($162.70), which the company achieved on January 11th.
The stock outperformed some of its competitors Wednesday, as Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO -2.48% fell 1.59% to $514.26, Becton Dickinson & Co. /zigman2/quotes/205527610/composite BDX -0.69% fell 0.26% to $246.35, and Illumina Inc. /zigman2/quotes/203509482/composite ILMN -1.67% fell 1.31% to $480.85. Trading volume (798,578) eclipsed its 50-day average volume of 685,221.