Automatic Data Processing Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Automatic Data Processing Inc. (ADP) slipped 0.07% to $222.78 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.53% to 4,012.32 and the Dow Jones Industrial Average rising 0.33% to 33,153.91. This was the stock's third consecutive day of losses. Automatic Data Processing Inc. closed $52.14 short of its 52-week high ($274.92), which the company reached on December 13th.
The stock underperformed when compared to some of its competitors Thursday, as Oracle Corp. (ORCL) rose 2.62% to $88.58 and Accenture PLC Cl A (ACN) rose 0.59% to $271.23. Trading volume (1.4 M) remained 521,303 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 23, 2023.
(END) Dow Jones Newswires
February 23, 2023 16:34 ET (21:34 GMT)
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