Adobe Inc. (ADBE) Dips 3.95% for January 03

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday January 03 was Adobe Inc. (ADBE). The stock experienced a 3.95% decline to $215.70 with 3.55 million shares changing hands.

Adobe Inc. started at an opening price of 220.88 and hit a high of $223.63 and a low of $215.15. Ultimately, the stock took a hit and finished the day at $8.87 per share. Adobe Inc. trades an average of n/a shares a day out of a total 488.13 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 $177.70 over the last year.

Adobe Systems is a diversified software-as-a-service vendor that operates in two main strategic segments: digital media and digital experience. In digital media, the firm sells Creative Cloud, which is composed of a variety of software for developers, designers, photographers, and videographers, such as Photoshop, Lightroom, Illustrator, Adobe XD, InDesign, Adobe Premiere Pro, Dimension, After Effects, and Adobe Stock. Adobe's digital experience segment, sold through Experience Cloud, is composed of Marketing Cloud, Analytics Cloud, and Advertising Cloud. These products allow enterprises to launch multichannel marketing campaigns, build brands, and gain customer insights. A minority of revenue comes from Adobe's publishing segment.

With its headquarters located in San Jose, CA, Adobe Inc. employs 17,973 people. After today’s trading, the company’s market cap has fallen to $105.29 billionAs for its value, has a P/E ratio of <42.8, a P/S of 12.14, a P/B of 11.88, 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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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 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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