Automatic Data Processing Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) inched 0.02% higher to $213.59 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a three-day losing streak. Automatic Data Processing Inc. closed $61.33 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 0.44% to $84.56 and Accenture PLC Cl A (ACN) rose 0.47% to $252.48. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:33 ET (00:33 GMT)
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