Automatic Data Processing Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Automatic Data Processing Inc. (ADP) slumped 0.54% to $221.58 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.05% to 3,970.04 and Dow Jones Industrial Average falling 1.02% to 32,816.92. This was the stock's fourth consecutive day of losses. Automatic Data Processing Inc. closed $53.34 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 Friday, as Oracle Corp. (ORCL) rose 0.09% to $88.66 and Accenture PLC Cl A (ACN) fell 1.73% to $266.53. Trading volume (1.8 M) remained 133,135 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2023.
(END) Dow Jones Newswires
February 24, 2023 16:35 ET (21:35 GMT)
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