Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adobe Inc shares valued at $786,145 were sold by Belsky Scott on Oct 15 ’24. At $513.82 per share, Belsky Scott sold 1,530 shares. The insider’s holdings dropped to 18,831 shares worth approximately $9.09 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Belsky Scott sold 703 shares, netting a total of over 355,992 in proceeds. Following the sale of shares at $506.39 each, the insider now holds 18,128 shares.
Before that, SCOTT K BELSKY had added 703 shares to its account. In a trade valued at $355,992, the Officer bought Adobe Inc shares for $506.39 each.
As published in a research note from Oppenheimer on September 04, 2024, Adobe Inc [ADBE] has been retained to an Outperform and the price target has been revised to $625. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid June. As of June 10, 2024, Melius has decreased its “Buy” rating to a “Hold” for ADBE. Earlier on March 21, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Underweight” for ADBE stock.
Analyzing ADBE Stock Performance
During the last five days, there has been a drop of approximately -2.81%. Over the course of the year, Adobe Inc shares have dropped approximately -19.06%. Shares of the company reached a 52-week high of $638.25 on 02/02/24 and a 52-week low of $433.97 on 05/31/24. A 50-day SMA is recorded $531.02, while a 200-day SMA reached $530.45. Nevertheless, trading volume fell to 2.08 million shares from 2.02 million shares the previous day.
Support And Resistance Levels for Adobe Inc (ADBE)
According to the 24-hour chart, there is a support level at 479.13, which, if violated, would cause prices to drop to 475.39. In the upper region, resistance lies at 487.54. The next price resistance is at 492.21. RSI (Relative Strength Index) is 35.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.23, which suggests the price will decrease in the coming days. Percent R is at 92.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
