Automatic Data Processing Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Automatic Data Processing Inc. (ADP) inched 0.11% higher to $214.36 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.16% to 3,977.53 and the Dow Jones Industrial Average rising 0.60% to 32,432.08. This was the stock's third consecutive day of gains. Automatic Data Processing Inc. closed $60.56 below its 52-week high ($274.92), which the company reached on December 13th.
The stock underperformed when compared to some of its competitors Monday, as Oracle Corp. (ORCL) rose 2.42% to $90.14 and Accenture PLC Cl A (ACN) rose 0.72% to $273.96. Trading volume (1.6 M) remained 601,903 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2023.
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March 27, 2023 16:34 ET (20:34 GMT)
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