Adobe (ADBE) was Smart Insider's stock pick of the week after the company's Chief Financial Officer Daniel Durn bought $508,000 worth of stock at $390.58 apiece on March 20, boosting his holdings by 5% to 30,000 shares.
The purchase is Durn's second, with the first one made in September 2022 at $288, Smart Insider said in a note Thursday.
The second purchase is a six-month reversal from a "timely sale" of $3.3 million on Sept. 17, 2024, at $515," Smart Insider said, noting that the minimum time needed to avoid short-swing violations is six months.
Smart Insider said that on Jan. 31, it ranked the stock +1, or strongly positive signal, based on a $1 million purchase at $444 from Director David Ricks, who is also Eli Lilly's (LLY) chair and chief executive officer.
"The stock has moved lower since Ricks's purchase and our January upgrade, and it is interesting to see this purchase from the CFO," Smart Insider said as it renewed its +1 rank on Adobe stock.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。