Shares of Automatic Data Processing Inc. ADP inched 0.78% higher to $194.31 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.93% to 4,173.42 and the Dow Jones Industrial Average DJIA rising 0.93% to 34,137.31. This was the stock's second consecutive day of gains. Automatic Data Processing Inc. hit a new 52-week high, surpassing its previous peak of $193.97, which the company reached on April 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Accenture PLC Cl A ACN rose 0.73% to $290.72, Intuit Inc. INTU rose 0.88% to $408.95, and Paychex Inc. PAYX rose 0.73% to $98.22. Trading volume (1.4 M) remained 586,912 below its 50-day average volume of 1.9 M.