Adobe Systems Incorporated (ADBE) has risen sharply, recording gains of 2.3% in the past 4 weeks. However, the stock has corrected -0.71% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.91% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Adobe Systems Incorporated is up 3.55% in the last 3-month period. Year-to-Date the stock performance stands at 6.79%. The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 3.12%.
Adobe Systems Incorporated (NASDAQ:ADBE): The stock opened at $100.31 on Friday but the bulls could not build on the opening and the stock topped out at $100.61 for the day. The stock traded down to $99.72 during the day, due to lack of any buying support eventually closed down at $100.32 with a loss of -0.35% for the day. The stock had closed at $100.67 on the previous day. The total traded volume was 1,587,902 shares.
Also, Stephens & Co. initiates coverage on Adobe Systems Incorporated (NASDAQ:ADBE). Stephens & Co. has a Overweight rating on the shares. The rating by the firm was issued on August 10, 2016.
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.