Shares of Automatic Data Processing Inc. ADP, -1.61% shed 1.61% to $229.48 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.80% falling 0.80% to 3,665.78 and Dow Jones Industrial Average DJIA, -0.30% falling 0.30% to 30,333.59. This was the stock’s second consecutive day of losses. Automatic Data Processing Inc. closed $32.11 short of its 52-week high ($261.59), which the company reached on August 18th.
The stock underperformed when compared to some of its competitors Thursday, as Accenture PLC Cl A ACN, -0.86% fell 0.86% to $261.78, Intuit Inc. INTU, -0.23% fell 0.23% to $401.15, and Paychex Inc. PAYX, -0.35% fell 0.35% to $111.06. Trading volume (1.3 M) remained 415,847 below its 50-day average volume of 1.7 M.