Automatic Data Processing Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) slid 1.22% to $224.59 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.03% to 4,136.13 and Dow Jones Industrial Average falling 0.46% to 34,089.27. The stock's fall snapped a two-day winning streak. Automatic Data Processing Inc. closed $50.33 below its 52-week high ($274.92), which the company reached on December 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Oracle Corp. (ORCL) fell 0.37% to $89.09 and Accenture PLC Cl A (ACN) fell 1.24% to $284.77. Trading volume (1.6 M) remained 331,582 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 14, 2023.
(END) Dow Jones Newswires
February 14, 2023 16:35 ET (21:35 GMT)
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