Automatic Data Processing Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) inched 0.68% higher to $227.36 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.14% to 4,137.29 and the Dow Jones Industrial Average rising 1.11% to 34,245.93. This was the stock's second consecutive day of gains. Automatic Data Processing Inc. closed $47.56 below its 52-week high ($274.92), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Monday, as Oracle Corp. (ORCL) rose 2.62% to $89.42 and Accenture PLC Cl A (ACN) rose 1.55% to $288.35. Trading volume (1.7 M) remained 241,062 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 13, 2023.
(END) Dow Jones Newswires
February 13, 2023 16:34 ET (21:34 GMT)
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