Automatic Data Processing Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) rallied 1.03% to $218.10 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. This was the stock's second consecutive day of gains. Automatic Data Processing Inc. closed $56.82 short of 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) rose 0.71% to $87.58 and Accenture PLC Cl A (ACN) rose 2.01% to $257.62. Trading volume (2.2 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 16:34 ET (20:34 GMT)
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