Adobe Systems Incorporated (ADBE): $10.11 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.39. The value of trades done on upticks was $36.28 million, whereas, trades done on downticks were valued at $26.17 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $12.07 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $2.3 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 5.25 was strongly in favor of the bulls. The money flow in block trades was $9.78 million. Adobe Systems Incorporated (ADBE) fell $0.04 traded at $95.14, a change of -0.04% over the previous day. The stock is -0.19% for the week.
Adobe Systems Incorporated (ADBE) : Average target price received by Adobe Systems Incorporated (ADBE) is $109.5 with an expected standard deviation of $8.91. The most aggressive target on the stock is $122, whereas the most downbeat target is $97. 12 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 1.28%.
Adobe Systems Incorporated (NASDAQ:ADBE): The stock opened at $95.01 on Thursday but the bulls could not build on the opening and the stock topped out at $95.51 for the day. The stock traded down to $94.54 during the day, due to lack of any buying support eventually closed down at $95.14 with a loss of -0.04% for the day. The stock had closed at $95.18 on the previous day. The total traded volume was 1,576,636 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.