Published on 21 Jan 2022 on Market Watch
Paycom Software Inc. stock falls Friday, underperforms market
Shares of Paycom Software Inc. slipped 5.57% to $310.00 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.89% to 4,397.94 and Dow Jones Industrial Average falling 1.30% to 34,265.37. This was the stock's second consecutive day of losses. Paycom Software Inc. closed $248.97 below its 52-week high ($558.97), which the company reached on November 2nd.
The stock underperformed when compared to some of its competitors Friday, as Oracle Corp. fell 0.60% to $82.22, Workday Inc. Cl A fell 2.41% to $245.69, and Paychex Inc. fell 1.92% to $118.67. Trading volume (843,886) eclipsed its 50-day average volume of 422,070.