DJ Automatic Data Processing Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Automatic Data Processing Inc. $(ADP)$ rose 4.81% to $305.18 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.53% to 5,929.04 and the Dow Jones Industrial Average rising 3.57% to 43,729.93.
This was the stock's third consecutive day of gains.
Automatic Data Processing Inc. hit a new 52-week high, surpassing its previous peak of $294.18, which the company reached on October 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Oracle Corp. $(ORCL)$ rose 5.51% to $181.24 and Accenture PLC Cl A $(ACN)$ rose 3.08% to $356.13.
Trading volume (2.8 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 6, 2024.
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(END) Dow Jones Newswires
November 06, 2024 16:41 ET (21:41 GMT)
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