Adobe Systems Incorporated (ADBE): The stock had negative money flow to the tune of ($4.23 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $16.8 million, whereas, the outflow of money on downticks was $21.02 million and the ratio between the two was 0.8. The block trade had a negative net money flow of ($2.18 million). On the other hand, downticks amounted to $2.18 million of the traded value, which shows distribution in the stock by traders. Adobe Systems Incorporated (ADBE) closed with marginal gains of 3 cents to end the day at $97.86, an increase of 0.03% over the previous days close. The stock recorded 1.1% for the week.
Adobe Systems Incorporated is up 1.28% in the last 3-month period. Year-to-Date the stock performance stands at 4.1%. Shares of Adobe Systems Incorporated rose by 0.67% in the last five trading days and 0.62% for the last 4 weeks. In a related news,The director of Adobe Systems Inc, Barnholt Edward W sold 25,000 shares at $97.25 on July 11, 2016. The Insider selling transaction had a total value worth of $2,431,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Adobe Systems Incorporated (NASDAQ:ADBE): On Mondays trading session , Opening price of the stock was $97.74 with an intraday high of $98.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $97.58. However, the stock managed to close at $97.79, a loss of 0.04% for the day. On the previous day, the stock had closed at $97.83. The total traded volume of the day was 1,544,201 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.