Automatic Data Processing Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) slipped 2.22% to $213.26 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Automatic Data Processing Inc. closed $61.66 below its 52-week high ($274.92), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Oracle Corp. (ORCL) rose 0.37% to $87.90 and Accenture PLC Cl A (ACN) fell 1.69% to $253.27. Trading volume (1.7 M) remained 488,842 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:35 ET (20:35 GMT)
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