Adobe Inc. (ADBE) Dips 3.96% for March 15

Equities Staff  |

Among the S&P 500’s biggest fallers on Friday March 15 was Adobe Inc. (ADBE). The stock experienced a 3.96% decline to $257.09 with 12.09 million shares changing hands.

Adobe Inc. started at an opening price of 258.03 and hit a high of $260.00 and a low of $252.03. Ultimately, the stock took a hit and finished the day at $10.6 per share. Adobe Inc. trades an average of n/a shares a day out of a total 489.11 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Adobe Inc. hit a high of $277.61 and a low of $204.95 over the last year.

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

With its headquarters located in San Jose, CA, Adobe Inc. employs 21,357 people. After today’s trading, the company’s market cap has fallen to $125.75 billionAs for its value, has a P/E ratio of <50.8, a P/S of 18.84, a P/B of 13.43, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Adobe Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: ADBE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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