Automatic Data Processing stock rises 3.33% in rough market session
Updated
Updated · MarketWatch · May 7
Automatic Data Processing stock rises 3.33% in rough market session
9 articles · Updated · MarketWatch · May 7
Shares closed at $214.09 on Thursday, while the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
The gain ended a three-day losing streak, with ADP outperforming Oracle's 0.29% rise and slightly topping Accenture's 3.22% increase, though trailing Workday's 6.73% jump.
ADP remains 35.11% below its 52-week high of $329.93 reached on June 6, and trading volume of 3.5 million was modestly below its 50-day average.
Is ADP's vast data its ultimate AI weapon, or a legacy anchor in the face of nimble rivals?
Can ADP's headcount-based revenue model survive a future where AI significantly reduces the global workforce?