Automatic Data Processing Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Automatic Data Processing Inc. (ADP) slid 2.48% to $213.56 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's second consecutive day of losses. Automatic Data Processing Inc. closed $61.36 below its 52-week high ($274.92), which the company reached on December 13th.
Despite its losses, the stock outperformed some of its competitors Friday, as Oracle Corp. (ORCL) fell 3.22% to $84.07 and Accenture PLC Cl A (ACN) fell 2.62% to $252.95. Trading volume (1.6 M) remained 296,795 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:35 ET (21:35 GMT)
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