Automatic Data Processing Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) dropped 0.80% to $219.82 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. Automatic Data Processing Inc. closed $55.10 below its 52-week high ($274.92), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Oracle Corp. (ORCL) fell 0.64% to $87.40 and Accenture PLC Cl A (ACN) fell 0.26% to $265.55. Trading volume (1.9 M) remained 23,090 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.
(END) Dow Jones Newswires
February 28, 2023 16:35 ET (21:35 GMT)
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