Adobe Stock – Adobe Inc. stock underperforms Thursday when compared to competitors
Shares of Adobe Inc.
ADBE,
shed 2.09% to $439.06 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
SPX,
falling 1.34% to 3,768.47 and Dow Jones Industrial Average
DJIA,
falling 1.11% to 30,924.14. This was the stock’s third consecutive day of losses. Adobe Inc. closed $97.82 short of its 52-week high ($536.88), which the company achieved on September 2nd.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp.
MSFT,
fell 0.36% to $226.73, Salesforce.com Inc.
CRM,
fell 0.33% to $205.33, and SAP SE ADR
SAP,
fell 0.88% to $122.04. Trading volume (4.4 M) eclipsed its 50-day average volume of 2.4 M.
Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.
Adobe Stock – Adobe Inc. stock underperforms Thursday when compared to competitors
Tags: Adobe Stock
