DJ Adobe Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Adobe Inc. $(ADBE)$ slumped 0.10% to $446.74 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.73% to 5,974.07 and the Dow Jones Industrial Average rising 0.16% to 42,906.95.
Adobe Inc. closed $191.51 below its 52-week high ($638.25), which the company reached on February 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Apple Inc. $(AAPL)$ rose 0.31% to $255.27, Microsoft Corp. $(MSFT)$ fell 0.31% to $435.25, and Alphabet Inc. Cl C $(GOOG)$ rose 1.57% to $195.99.
Trading volume (2.9 M) remained 669,439 below its 50-day average volume of 3.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2024.
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(END) Dow Jones Newswires
December 23, 2024 16:36 ET (21:36 GMT)
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