Automatic Data Processing Inc. Stock Falls Friday, Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) slid 1.20% to $213.22 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. Automatic Data Processing Inc. closed $61.70 short of its 52-week high ($274.92), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Friday, as Oracle Corp. (ORCL) rose 0.52% to $85.26 and Accenture PLC Cl A (ACN) fell 1.15% to $250.00. Trading volume (8.1 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:34 ET (20:34 GMT)
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