Paycom Software Inc. stock falls Wednesday, underperforms market

Paycom Software Inc.  stock falls Wednesday, underperforms market

Shares of Paycom Software Inc. PAYC,
-7.66%
slipped 7.66% to $316.45 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX,
-2.50%
falling 2.50% to 3,759.69 and Dow Jones Industrial Average DJIA,
-1.55%
falling 1.55% to 32.147.76. This was the stock’s second consecutive day of losses. Paycom Software Inc. closed $220.55 short of its 52-week high ($537.00), which the company achieved on November 3rd.

The stock underperformed when compared to some of its competitors Wednesday, as Oracle Corp. ORCL,
-2.58%
fell 2.58% to $75.12, Workday Inc. CL A WDAY,
-5.34%
fell 5.34% to $143.51, and Paychex Inc. PAYX,
-3.02%
fell 3.02% to $114.50. Trading volume (750,533) eclipsed its 50-day average volume of 330.710.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.