Adobe Inc. stock rises Wed., still underperforms market

Adobe Inc. stock rises Wednesday, still underperforms market
Shares of Adobe Inc. ADBE rallied 1.11% to $417.28 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.83% to 5,949.91 and the Dow Jones Industrial Average DJIA rising 1.
Adobe Stock Rises As Analyst Says Risk-Reward Has Improved Following Recent Underperformance: Retail Turns Upbeat
Adobe, Inc. ($ADBE) stock is poised to rise for a second straight session as it recovers from the 7% drop since the start of the new year. The most recent catalyst driving the upside could be a positive action from analysts at Exane BNP Paribas.
Adobe Inc (ADBE)’s Stock Plunge: What You Need to Know
On Friday, Adobe Inc (ADBE) stock saw a decline, ending the day at $405.92 which represents a decrease of $-13.66 or -3.26% from the prior close of $419.58. The stock opened at $410 and touched a low of $405.32 during the day, reaching a high of $413.1. The volume of shares traded was 5.55 million exceeding the average volume of 3.52 million.
Here's Why Adobe Stock Declined by 26% in 2024
Shares in digital media technology company Adobe ( ADBE 1.03%) declined by 25.5% in 2024, according to data provided by S&P Global Market Intelligence. Frankly, this needs some explaining because it's not often that a company loses a quarter of its value after handily beating its initial full-year guidance.
What's Happening With Adobe Stock?
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, January 7.
Jim Cramer on Adobe Inc. (ADBE): ‘People Look For Value Everywhere Now And They’re Cutting Back On Anything’
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Adobe Inc. stock outperforms competitors on strong trading day
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Why Did Deutsche Bank Give Adobe Inc (ADBE) Stock Hold Rating?
Adobe Inc (ADBE) stock saw a modest uptick, ending the day at $412.71 which represents a slight increase of $4.21 or 1.03% from the prior close of $408.5. The stock opened at $407.25 and touched a low ...
Adobe is now testing collaborative live editing in Photoshop
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Adobe: Critical Code Execution Flaws in Photoshop
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Is Adobe an Undervalued Growth Stock?
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Adobe: Innovation In The Creative Cloud
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Adobe’s new AI tool can edit 10,000 images in one click
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