Published on 5 Jan 2022 on Market Watch
Shares of Paycom Software Inc. shed 7.89% to $360.94 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.94% to 4,700.58 and Dow Jones Industrial Average falling 1.07% to 36,407.11. This was the stock's fourth consecutive day of losses. Paycom Software Inc. closed $198.03 below its 52-week high ($558.97), which the company reached on November 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Oracle Corp. fell 2.68% to $86.46, Workday Inc. Cl A fell 1.90% to $248.26, and Paychex Inc. fell 1.91% to $131.69. Trading volume (1.4 M) eclipsed its 50-day average volume of 341,783.
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