Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Automatic Data Processing Inc shares valued at $458,070 were sold by Michaud Brian L. on Apr 01 ’25. At $305.38 per share, Michaud Brian L. sold 1,500 shares. The insider’s holdings dropped to 12,073 shares worth approximately $3.71 million following the completion of this transaction.
Also, Michaud Brian L. purchased 1,500 shares, netting a total of over 458,070 in proceeds.
Before that, D’Ambrosio Christopher had sold 473 shares from its account. In a trade valued at $144,833, the Corp. VP traded Automatic Data Processing Inc shares for $306.20 each. Upon closing the transaction, the insider’s holdings decreased to 473 shares, worth approximately $2.23 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 1.59%. Over the course of the year, Automatic Data Processing Inc shares have jumped approximately 4.95%. Shares of the company reached a 52-week high of $322.84 on 03/04/25 and a 52-week low of $285.48 on 01/13/25. A 50-day SMA is recorded $304.21, while a 200-day SMA reached $284.00.
Support And Resistance Levels for Automatic Data Processing Inc (ADP)
According to the 24-hour chart, there is a support level at 304.66, which, if violated, would cause prices to drop to 302.10. In the upper region, resistance lies at 308.88. The next price resistance is at 310.54. RSI (Relative Strength Index) is 56.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.28, which suggests the price will increase in the coming days. Percent R is at 8.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
