Shares of Adobe Systems Incorporated (ADBE) Sees Large Outflow of Money

Adobe Systems Incorporated (ADBE) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.42 million) and the uptick to downtick ratio was 0.73. The transaction value on upticks was $3.89 million and on downticks, the transaction value was $5.32 million. The transaction value of block trades during downticks was $2.3 million. The money flow was negative ($2.3 million), indicating the traders were booking profit on the price strength. Adobe Systems Incorporated (ADBE) rose $0.22 at $95.4, during intraday Thursday , a rise of 0.23% over the previous days close.


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 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.