Paycom Software Inc. stock outperforms market on strong trading day

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Shares of Paycom Software Inc. PAYC, +2.45% inched 0.46% higher to $390.02 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +1.09% falling 0.92% to 4,134.98 and Dow Jones Industrial Average DJIA, +0.67% falling 0.94% to 33,815.90. This was the stock’s second consecutive day of gains. Paycom Software Inc. closed $81.06 short of its 52-week high ($471.08), which the company achieved on December 23rd. 

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Oracle Corp. ORCL, +0.13% fell 2.33% to $74.87, Workday Inc. Cl A WDAY, +0.73% rose 0.53% to $252.95, and Paychex Inc. PAYX, +0.97% rose 0.06% to $98.28. Trading volume (310,601) remained 86,018 below its 50-day average volume of 396,619.

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