DJ Adobe Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Adobe Inc. $(ADBE)$ inched 0.14% higher to $431.18 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.55% to 5,975.38 and the Dow Jones Industrial Average falling 0.06% to 42,706.56.
The stock's rise snapped a five-day losing streak.
Adobe Inc. closed $207.07 short of its 52-week high ($638.25), which the company reached on February 2nd.
The stock underperformed when compared to some of its competitors Monday, as Apple Inc. $(AAPL)$ rose 0.67% to $245.00, Microsoft Corp. $(MSFT)$ rose 1.06% to $427.85, and Alphabet Inc. Cl C $(GOOG)$ rose 2.50% to $197.96.
Trading volume (4.0 M) eclipsed its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 6, 2025.
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(END) Dow Jones Newswires
January 06, 2025 16:37 ET (21:37 GMT)
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