Adobe Systems Incorporated (ADBE) Dips 6.17% for December 04

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday December 04 was Adobe Systems Incorporated (ADBE). The stock experienced a 6.17% decline to $168.44 with 5.93 million shares changing hands.

Adobe Systems Incorporated started at an opening price of 180.34 and hit a high of $180.62 and a low of $168.43. Ultimately, the stock took a hit and finished the day at $11.08 per share. Adobe Systems Incorporated trades an average of 2.42 million shares a day out of a total 492.94 million shares outstanding. The current moving averages are a 50-day SMA of $167.49 and a 200-day SMA of $145.80. Adobe Systems Incorporated hit a high of $186.27 and a low of $100.16 over the last year.

Adobe Systems Inc offers a line of software and services for content creation and the measurement of digital advertising and marketing. It software applications includes Photoshop and Lightroom, Adobe Analytics, Media Optimizer and Campaign Manager.

With its headquarters located in San Jose, CA, Adobe Systems Incorporated employs 15,706 people. After today’s trading, the company’s market cap has fallen to $83.03 billionAs for its value, has a P/E ratio of <56.3, a P/S of 16.71, a P/B of 10.17, and a P/FCF of 59.8.

To dig deeper into the fundamentals of Adobe Systems Incorporated and perform your own analysis, visit our Stock Valuation Analysis tool for ADBE.

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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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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 Systems Incorporated 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 Equities.com’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.



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