DJ Adobe Inc. Stock Rises Wednesday, Still Underperforms Market
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Shares of Adobe Inc. $(ADBE)$ rallied 1.11% to $417.28 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.83% to 5,949.91 and the Dow Jones Industrial Average rising 1.65% to 43,221.55.
This was the stock's third consecutive day of gains.
Adobe Inc. closed 34.62% short of its 52-week high of $638.25, which the company achieved on February 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ rose 1.97% to $237.87, Microsoft Corp. $(MSFT)$ rose 2.56% to $426.31, and Alphabet Inc. Cl C $(GOOG)$ rose 3.10% to $196.98.
Trading volume (4.3 M) eclipsed its 50-day average volume of 3.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 15, 2025.
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January 15, 2025 16:34 ET (21:34 GMT)
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