Automatic Data Processing Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Automatic Data Processing Inc. (ADP) sank 0.12% to $219.56 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 32,661.84 and the S&P 500 Index falling 0.47% to 3,951.39. This was the stock's second consecutive day of losses. Automatic Data Processing Inc. closed $55.36 short of its 52-week high ($274.92), which the company reached on December 13th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Oracle Corp. (ORCL) fell 1.21% to $86.34 and Accenture PLC Cl A (ACN) fell 0.74% to $263.59. Trading volume (1.4 M) remained 556,491 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 1, 2023.
(END) Dow Jones Newswires
March 01, 2023 16:34 ET (21:34 GMT)
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