Shares of Automatic Data Processing Inc. ADP rallied 6.20% to $155.08 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 3.53% to 3,271.03 and Dow Jones Industrial Average DJIA falling 3.43% to 26,519.95. This was the stock's second consecutive day of gains. Automatic Data Processing Inc. closed $27.24 short of its 52-week high ($182.32), which the company achieved on February 18th.
The stock outperformed some of its competitors Wednesday, as Accenture PLC Cl A ACN fell 3.05% to $213.94, Intuit Inc. INTU fell 3.56% to $318.51, and Paychex Inc. PAYX fell 2.17% to $80.15. Trading volume (4.7 M) eclipsed its 50-day average volume of 2.1 M.