Adobe Systems Incorporated (ADBE) Moves Higher on Volume Spike for October 19

Equities Staff  |

Adobe Systems Incorporated (ADBE) traded on unusually high volume on Oct. 19, as the stock gained 12.24% to close at $171.73. On the day, Adobe Systems Incorporated saw 13.35 million shares trade hands on 103,758 trades. Considering that the stock averages only a daily volume of 2.88 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $157.89 and $98.00 over the last 52-weeks, its 50-day SMA is now $151.30, and its 200-day SMA $135.66. Adobe Systems Incorporated has a P/B ratio of 10.36. It also has a P/E ratio of 48.

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.

Headquartered in San Jose, CA, Adobe Systems Incorporated has 15,706 employees and is currently under the leadership of CEO Shantanu Narayen.

For a complete fundamental analysis analysis of Adobe Systems Incorporated, check out Equities.com’s Stock Valuation Analysis report for ADBE.

Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today.

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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. 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: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

World Economic Forum at Davos 2019 - Ben Yablon Executive VP Salt Lending

Matt Bird sits down with Ben Yablon - Executive VP of Salt Lending - at the World Economic Forum in Davos January 2019