Published on 1 Dec 2021 on Market Watch
Paycom Software Inc. stock falls Wednesday, underperforms market
Shares of Paycom Software Inc. shed 3.52% to $422.09 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.18% to 4,513.04 and Dow Jones Industrial Average falling 1.34% to 34,022.04. This was the stock's second consecutive day of losses. Paycom Software Inc. closed $136.88 short of its 52-week high ($558.97), which the company reached on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Oracle Corp. fell 1.09% to $89.75, Workday Inc. Cl A fell 4.88% to $260.86, and Paychex Inc. fell 1.17% to $117.80. Trading volume (347,491) eclipsed its 50-day average volume of 333,102.