Shares of PerkinElmer Inc. (NYS:PKI) 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 (S&P:SPX) rising 0.82% to 4,358.69 and the Dow Jones Industrial Average (DOW:DJIA) 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. (NYS:TMO) fell 1.59% to $514.26, Becton Dickinson & Co. (NYS:BDX) fell 0.26% to $246.35, and Illumina Inc. (NAS:ILMN) fell 1.31% to $480.85. Trading volume (798,578) eclipsed its 50-day average volume of 685,221.