Automatic Data Processing Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) inched 0.01% higher to $221.60 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.31% to 3,982.24 and the Dow Jones Industrial Average rising 0.22% to 32,889.09. The stock's rise snapped a four-day losing streak. Automatic Data Processing Inc. closed $53.32 below its 52-week high ($274.92), which the company reached on December 13th.
The stock outperformed some of its competitors Monday, as Oracle Corp. (ORCL) fell 0.79% to $87.96 and Accenture PLC Cl A (ACN) fell 0.11% to $266.25. Trading volume (1.2 M) remained 710,805 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2023.
(END) Dow Jones Newswires
February 27, 2023 16:34 ET (21:34 GMT)
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