The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Automatic Data Processing Inc shares valued at $145,181 were sold by D’Ambrosio Christopher on Feb 10 ’25. At $308.24 per share, D’Ambrosio Christopher sold 471 shares. The insider’s holdings dropped to 7,118 shares worth approximately $2.21 million following the completion of this transaction.
Also, D’Ambrosio Christopher purchased 471 shares, netting a total of over 145,181 in proceeds.
Before that, Lehberger Jonathan S had sold 2,324 shares from its account. In a trade valued at $704,869, the Corp. VP traded Automatic Data Processing Inc shares for $303.30 each. Upon closing the transaction, the insider’s holdings decreased to 2,324 shares, worth approximately $0.95 million.
As published in a research note from BofA Securities on January 17, 2024, Automatic Data Processing Inc [ADP] has been rated up from an Underperform to a Neutral and the price target has been revised to $243 from $217. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. As of November 07, 2023, UBS has initiated its “Neutral” rating for ADP. Earlier on September 05, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for ADP stock.
Analyzing ADP Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Automatic Data Processing Inc shares have jumped approximately 5.97%. Shares of the company reached a 52-week high of $311.67 on 01/29/25 and a 52-week low of $285.48 on 01/13/25. A 50-day SMA is recorded $298.24, while a 200-day SMA reached $274.39. Nevertheless, trading volume fell to 1.2 million shares from 1.56 million shares the previous day.
Support And Resistance Levels for Automatic Data Processing Inc (ADP)
According to the 24-hour chart, there is a support level at 306.62, which, if violated, would cause prices to drop to 303.02. In the upper region, resistance lies at 312.20. The next price resistance is at 314.18. RSI (Relative Strength Index) is 65.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.55, which suggests the price will increase in the coming days. Percent R is at 8.55%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
