Company Shares of Adobe Systems Incorporated (NASDAQ:ADBE) Rally 1.54%

Adobe Systems Incorporated (NASDAQ:ADBE) has been under a strong bear grip, hence the stock is down -1.89% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.26% in the past 1 week. The stock has risen by 1.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.31% in the past 4 weeks.

The company shares have rallied 18.85% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $100.56 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $96.96 and the 200 Day Moving Average price is recorded at $91.78.

The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 0.46%.


Adobe Systems Incorporated (NASDAQ:ADBE): stock turned positive on Friday. Though the stock opened at $95.93, the bulls momentum made the stock top out at $96.86 level for the day. The stock recorded a low of $95.34 and closed the trading day at $96.79, in the green by 1.73%. The total traded volume for the day was 2,023,889. The stock had closed at $95.14 in the previous days trading.

In an insider trading activity,The Officer (Evp & Gm, Digital Marketing) of ADOBE SYSTEMS INC, Rencher Bradley sold 37,562 shares at $95.46 on July 1, 2016. The Insider selling transaction had a total value worth of $3,585,669. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 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.

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