DJ Adobe Inc. Stock Underperforms Thursday When Compared To Competitors
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Adobe Inc. $(ADBE)$ sank 0.89% to $437.39 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
This was the stock's sixth consecutive day of losses.
Adobe Inc. closed $200.86 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 Thursday, as Apple Inc. $(AAPL)$ rose 0.70% to $249.79, Microsoft Corp. $(MSFT)$ fell 0.08% to $437.03, and Alphabet Inc. Cl C $(GOOG)$ fell 0.24% to $189.70.
Trading volume (4.9 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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
December 19, 2024 16:36 ET (21:36 GMT)
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