Shares of Paychex Inc. PAYX, -0.18% slumped 0.18% to $121.98 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.45% rising 1.45% to 4,497.63 and the Dow Jones Industrial Average DJIA, +0.85% rising 0.85% to 34,852.67.
The stock’s fall snapped a two-day winning streak.
Paychex Inc. closed $7.72 short of its 52-week high ($129.70), which the company achieved on July 27th.
The stock underperformed when compared to some of its competitors Tuesday, as Oracle Corp. ORCL, +3.26% rose 3.26% to $120.65, Intuit Inc. INTU, +3.40% rose 3.40% to $536.49, and Automatic Data Processing Inc. ADP, -0.02% fell 0.02% to $254.35.
Trading volume (1.7 M) remained 245,094 below its 50-day average volume of 1.9 M.