Adobe Inc. Stock Underperforms Wednesday When Compared To Competitors

Dow Jones
02-20

DJ Adobe Inc. Stock Underperforms Wednesday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Adobe Inc. $(ADBE)$ shed 1.53% to $456.99 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.24% to 6,144.15 and the Dow Jones Industrial Average rising 0.16% to 44,627.59.

The stock's fall snapped a two-day winning streak.

Adobe Inc. closed 22.25% short of its 52-week high of $587.75, which the company achieved on September 12th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ rose 0.16% to $244.87, Microsoft Corp. $(MSFT)$ rose 1.25% to $414.77, and Alphabet Inc. Cl C $(GOOG)$ rose 0.72% to $187.13.

Trading volume (3.0 M) remained 1.3 million below its 50-day average volume of 4.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 19, 2025.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

February 19, 2025 16:34 ET (21:34 GMT)

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