Automatic Data Processing Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) rallied 1.20% to $215.80 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. Automatic Data Processing Inc. closed $59.12 short of its 52-week high ($274.92), which the company reached on December 13th.
The stock underperformed when compared to some of its competitors Thursday, as Oracle Corp. (ORCL) rose 2.22% to $84.82 and Accenture PLC Cl A (ACN) rose 2.74% to $252.92. Trading volume (2.1 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:35 ET (20:35 GMT)
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