DJ Adobe Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Adobe Inc. $(ADBE)$ sank 0.83% to $441.00 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.22% to 5,868.55 and Dow Jones Industrial Average falling 0.36% to 42,392.27.
This was the stock's fourth consecutive day of losses.
Adobe Inc. closed $197.25 below its 52-week high ($638.25), which the company achieved on February 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc. $(AAPL)$ fell 2.62% to $243.85, Microsoft Corp. $(MSFT)$ fell 0.69% to $418.58, and Alphabet Inc. Cl C $(GOOG)$ rose 0.10% to $190.63.
Trading volume (2.5 M) remained 1.1 million below its 50-day average volume of 3.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 2, 2025.
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(END) Dow Jones Newswires
January 02, 2025 16:37 ET (21:37 GMT)
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