Automatic Data Processing Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Automatic Data Processing Inc. (ADP) shed 0.79% to $218.98 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. Automatic Data Processing Inc. closed $55.94 short of its 52-week high ($274.92), which the company achieved on December 13th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Oracle Corp. (ORCL) fell 1.83% to $86.87 and Accenture PLC Cl A (ACN) fell 1.48% to $259.76. Trading volume (1.5 M) remained 361,734 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:34 ET (21:34 GMT)
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