Automatic Data Processing Inc. (ADP) Moves Higher on Volume Spike for November 29

Equities Staff  |

Automatic Data Processing Inc. (ADP) traded on unusually high volume on Nov. 29, as the stock gained 1.9% to close at $113.33. On the day, Automatic Data Processing Inc. saw 3.68 million shares trade hands on 31,472 trades. Considering that the stock averages only a daily volume of 2.02 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $121.77 and $94.11 over the last 52-weeks, its 50-day SMA is now $112.19, and its 200-day SMA $105.05. Automatic Data Processing Inc. has a P/B ratio of 12.72. It also has a P/E ratio of 28.2.

Automatic Data Processing Inc is a provider of miscellaneous business solutions. Its business includes provision of technology-based outsourcing solutions to employers, vehicle retailers and manufacturers.

Headquartered in Roseland, NJ, Automatic Data Processing Inc. has 58,000 employees and is currently under the leadership of CEO Carlos A. Rodriguez.

For a complete fundamental analysis analysis of Automatic Data Processing Inc., check out’s Stock Valuation Analysis report for ADP.

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To get more information on Automatic Data Processing Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: ADP’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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