Automatic Data Processing Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) inched 0.24% higher to $214.13 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,970.99 and the Dow Jones Industrial Average rising 0.41% to 32,237.53. This was the stock's second consecutive day of gains. Automatic Data Processing Inc. closed $60.79 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 Friday, as Oracle Corp. (ORCL) rose 0.26% to $88.01 and Accenture PLC Cl A (ACN) rose 0.13% to $272.00. Trading volume (1.7 M) remained 501,366 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2023.
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March 24, 2023 16:34 ET (20:34 GMT)
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