Automatic Data Processing Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) shed 1.88% to $221.28 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. The stock's fall snapped a three-day winning streak. Automatic Data Processing Inc. closed $53.64 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 Tuesday, as Oracle Corp. (ORCL) fell 1.54% to $88.36 and Accenture PLC Cl A (ACN) fell 2.01% to $264.20. Trading volume (1.9 M) remained 34,340 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 16:35 ET (21:35 GMT)
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