Adobe shares fall 1.35% and underperform in stronger market
Updated
Updated · MarketWatch · May 8
Adobe shares fall 1.35% and underperform in stronger market
6 articles · Updated · MarketWatch · May 8
The stock closed at $253.04 as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
Adobe ended 40.17% below its 52-week high of $422.95 reached on 21 May. Apple gained 2.05%, Alphabet rose 0.44%, while Microsoft slipped 1.34%.
Trading volume was 3.7 million shares, about 2.1 million below Adobe's 50-day average of 5.7 million, indicating lighter-than-usual investor activity despite the broader market's gains.
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