Automatic Data Processing Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) inched 0.99% higher to $224.75 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. This was the stock's second consecutive day of gains. Automatic Data Processing Inc. closed $50.17 below its 52-week high ($274.92), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Friday, as Oracle Corp. (ORCL) rose 2.62% to $89.25 and Accenture PLC Cl A (ACN) rose 1.49% to $269.20. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 16:35 ET (21:35 GMT)
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