Automatic Data Processing Inc.’s recent filing unveils that its Director Rodriguez Carlos A unloaded Company’s shares for reported $6.1 million on Sep 13 ’24. In the deal valued at $277.68 per share,21,950 shares were sold. As a result of this transaction, Rodriguez Carlos A now holds 36,741 shares worth roughly $10.24 million.
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Then, Rodriguez Carlos A sold 21,949 shares, generating $6,076,560 in total proceeds. Upon selling the shares at $276.85, the Director now owns 36,741 shares.
Before that, Rodriguez Carlos A bought 21,950 shares. Automatic Data Processing Inc. shares valued at $6,095,184 were divested by the Director at a price of $277.68 per share.
BofA Securities upgraded its Automatic Data Processing Inc. [ADP] rating to a Neutral from a an Underperform in a research note published on January 17, 2024; the price target was increased to $243 from $217. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Peer perform”. UBS began covering ADP with “Neutral” recommendation on November 07, 2023. RBC Capital Mkts started covering the stock on September 05, 2023. It rated ADP as “a Sector perform”.
Price Performance Review of ADP
On Monday, Automatic Data Processing Inc. [NASDAQ:ADP] saw its stock jump 0.39% to $278.60. Over the last five days, the stock has gained 1.09%. Automatic Data Processing Inc. shares have risen nearly 19.59% since the year began. Nevertheless, the stocks have risen 12.21% over the past one year. While a 52-week high of $279.58 was reached on 09/16/24, a 52-week low of $205.53 was recorded on 07/10/24. SMA at 50 days reached $260.57, while 200 days put it at $247.32.
Levels Of Support And Resistance For ADP Stock
The 24-hour chart illustrates a support level at 277.12, which if violated will result in even more drops to 275.64. On the upside, there is a resistance level at 279.93. A further resistance level may holdings at 281.26. The Relative Strength Index (RSI) on the 14-day chart is 66.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.84%. Stochastics %K at 87.53% indicates the stock is a selling.
How much short interest is there in Automatic Data Processing Inc.?
A steep rise in short interest was recorded in Automatic Data Processing Inc. stocks on 2024-08-30, growing by 1.29 million shares to a total of 5.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.23 million shares. There was a rise of 23.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 02, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $230 price target.
