DJ Adobe Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Adobe Inc. $(ADBE)$ inched 0.27% higher to $447.94 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.10% to 6,040.04 and the Dow Jones Industrial Average rising 0.91% to 43,297.03.
Adobe Inc. closed $190.31 short of its 52-week high ($638.25), which the company achieved on February 2nd.
The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. $(AAPL)$ rose 1.15% to $258.20, Microsoft Corp. $(MSFT)$ rose 0.94% to $439.33, and Alphabet Inc. Cl C $(GOOG)$ rose 0.81% to $197.57.
Trading volume (1.7 M) remained 1.9 million below its 50-day average volume of 3.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 24, 2024.
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(END) Dow Jones Newswires
December 24, 2024 16:37 ET (21:37 GMT)
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