Software

Paycom Software Inc. the stock falls on Thursday, underperforming the market

Published: November 16, 2023 at 17.20 ET

The shares in Paycom Software Inc. PAYC fell 1.95% to $173.65 on Thursday in what turned out to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.12% to 4,508.24 and the Dow Jones Industrial Average DJIA fell 0.13% to 34,945.47.

The stock’s fall snapped a five-day winning streak.

Paycom Software Inc…

Shares in Paycom Software Inc.

PAYC

fell 1.95% to $173.65 on Thursday in what turned out to be an all-around mixed trading session for the stock market, with the S&P 500 Index

SPX

up 0.12% to 4,508.24 and the Dow Jones Industrial Average

DJIA

falling 0.13% to 34,945.47.

The stock’s fall snapped a five-day winning streak.

Paycom Software Inc. closed $200.39 below the 52-week high ($374.04) reached by the company on July 31.

The stock underperformed some of its peers on Thursday as Oracle Corp.

ORCL

rose 0.53% to $114.67 and Intuit Inc.

INTU

rose 0.25% to $556.95.

Trading volume (953,564) remained 47,425 below its 50-day average volume of 1.0 million.

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

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