Adobe Systems Incorporated (ADBE) : The money flow analysis of Adobe Systems Incorporated (ADBE) indicates a $1.01 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $4.53 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 4.48 and so was the total money flow at $3.52 million. The bulls lapped up $3.86 million worth of block trades on upticks. The money flow was $3.86 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Adobe Systems Incorporated (ADBE), pushing it down by -0.12% for the day. The stock slid $0.12 and traded at $96.22 during the day. Nonetheless, the stock is -1.65% over the previous weeks close.
Adobe Systems Incorporated (ADBE) : The most positive equity analysts on Adobe Systems Incorporated (ADBE) expects the shares to touch $122, whereas, the least positive believes that the stock will trade at $97 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $109.92 with an expected fluctuation of $8.66 from the mean.
Adobe Systems Incorporated (NASDAQ:ADBE): stock turned positive on Friday. Though the stock opened at $96.71, the bulls momentum made the stock top out at $98.24 level for the day. The stock recorded a low of $96.09 and closed the trading day at $98.06, in the green by 1.79%. The total traded volume for the day was 2,101,787. The stock had closed at $96.34 in the previous days trading.
In a related news, Daley James E, director of Adobe Systems Inc, unloaded 5,000 shares at an average price of $98.5 on July 20, 2016. The total amount of the transaction was worth $492,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.