Adobe Systems Incorporated (ADBE) has risen sharply, recording gains of 2.66% in the past 4 weeks. However, the stock has corrected -0.2% in the past 1 week, providing a good buying opportunity on dips. Adobe Systems Incorporated (ADBE) : During the past 4 weeks, traders have been relatively bearish on Adobe Systems Incorporated (ADBE), hence the stock is down -0.67% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.14% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 0.75%. Adobe Systems Incorporated is up 3.86% in the last 3-month period. Year-to-Date the stock performance stands at 4.17%.
Adobe Systems Incorporated (NASDAQ:ADBE): On Fridays trading session , Opening price of the stock was $98.4 with an intraday high of $98.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $97.23. However, the stock managed to close at $97.86, a loss of 0.59% for the day. On the previous day, the stock had closed at $98.44. The total traded volume of the day was 1,786,571 shares.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering, optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Companys operates in three segments: Digital Marketing, Digital Media, and Print and Publishing. In Digital Media, the Company is engaged in providing tools, services and solutions that enable to create, publish and promote their content. In Digital Marketing, the Company is engaged in providing solutions and services for creating, managing, executing, measuring and optimizing digital advertising and marketing campaigns. Adobes Print and Publishing segment addresses various market opportunities, including eLearning solutions, technical document publishing, Web application development and high-end printing.