Adobe Systems Incorporated (NASDAQ:ADBE) has tumbled 1.56% during the past week and has dropped 1.34% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.37%. Adobe Systems Incorporated (NASDAQ:ADBE) has underperformed the index by 2.24% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Adobe Systems Incorporated (NASDAQ:ADBE): The stock opened at $97.25 on Friday but the bulls could not build on the opening and the stock topped out at $97.39 for the day. The stock traded down to $95.36 during the day, due to lack of any buying support eventually closed down at $95.58 with a loss of -1.66% for the day. The stock had closed at $97.19 on the previous day. The total traded volume was 4,541,519 shares.
The company shares have rallied 19.92% 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 $96.89 and the 200 Day Moving Average price is recorded at $91.46.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lewnes Ann, officer (EVP, Chief Marketing Officer) of Adobe Systems Inc, had unloaded 4,000 shares at an average price of $99.4 in a transaction dated on May 27, 2016. The total value of the transaction was worth $397,600.
Many analysts have stated their opinion on the company shares. Dougherty & Company maintains their rating on the shares of Adobe Systems Incorporated (NASDAQ:ADBE). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $122 per share from $116 per share. The rating by the firm was issued on April 4, 2016. Currently the company Insiders own 0.43% of Adobe Systems Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -28.28% . Institutional Investors own 90.05% of Adobe Systems Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -30.56%.
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.