Adobe Systems Incorporated (ADBE) : The value of composite uptick trades was $18.01 million, whereas, the value of composite downtick trades was $32.41 million. The uptick to downtick ratio stood at 0.56 with a negative money flow of ($14.4) Million during Tuesdays trading session. The block trades money flow was negative ($14.35 million). The transaction of the trades on downticks amounted to $14.35 million, which confirms investors selling on the strength of price. Adobe Systems Incorporated (ADBE) gained 24 cents at $102.3, an increase of 0.24% over the previous days close.
Also, Stephens & Co. initiates coverage on Adobe Systems Incorporated (NASDAQ:ADBE) The shares have been rated Overweight. The rating by the firm was issued on August 10, 2016.
Shares of Adobe Systems Incorporated rose by 0.85% in the last five trading days and 4.38% for the last 4 weeks. Adobe Systems Incorporated is up 1.96% in the last 3-month period. Year-to-Date the stock performance stands at 8.58%.
Adobe Systems Incorporated (NASDAQ:ADBE): The stock opened at $102.09 on Tuesday but the bulls could not build on the opening and the stock topped out at $102.39 for the day. The stock traded down to $101.51 during the day, due to lack of any buying support eventually closed down at $102.00 with a loss of -0.29% for the day. The stock had closed at $102.30 on the previous day. The total traded volume was 1,325,120 shares.
In a related news, The Securities and Exchange Commission has divulged that Morris Donna, officer (EVP, Cust. & Emp. Experience) of Adobe Systems Inc, had unloaded 10,000 shares at an average price of $100 in a transaction dated on August 10, 2016. The total value of the transaction was worth $1,000,000.
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.