Adobe Inc’s recently made public that its Chief Strategy Officer & EVP Belsky Scott unloaded Company’s shares for reported $0.23 million on Oct 25 ’24. In the deal valued at $483.42 per share,481 shares were sold. As a result of this transaction, Belsky Scott now holds 18,128 shares worth roughly $8.72 million.
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
Then, SCOTT K BELSKY bought 481 shares, generating $232,525 in total proceeds.
Before that, Belsky Scott sold 1,530 shares. Adobe Inc shares valued at $786,145 were divested by the Chief Strategy Officer & EVP at a price of $513.82 per share. As a result of the transaction, Belsky Scott now holds 18,831 shares, worth roughly $9.06 million.
Oppenheimer reiterated its Adobe Inc [ADBE] rating to an Outperform in a research note published on September 04, 2024; the price target was $625. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Melius also remained covering ADBE and has decreased its forecast on June 10, 2024 with a “Hold” recommendation from previously “Buy” rating. KeyBanc Capital Markets started covering the stock on March 21, 2024. It rated ADBE as “an Underweight”.
Price Performance Review of ADBE
On Monday, Adobe Inc [NASDAQ:ADBE] saw its stock fall -0.55% to $481.04. Over the last five days, the stock has lost -3.35%. Adobe Inc shares have fallen nearly -19.37% since the year began. Nevertheless, the stocks have fallen -6.46% over the past one year. While a 52-week high of $638.25 was reached on 02/02/24, a 52-week low of $433.97 was recorded on 05/31/24. SMA at 50 days reached $528.16, while 200 days put it at $529.33.
Levels Of Support And Resistance For ADBE Stock
The 24-hour chart illustrates a support level at 478.18, which if violated will result in even more drops to 475.33. On the upside, there is a resistance level at 486.19. A further resistance level may holdings at 491.35. The Relative Strength Index (RSI) on the 14-day chart is 34.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.40%. Stochastics %K at 6.59% indicates the stock is a buying.
How much short interest is there in Adobe Inc?
A steep rise in short interest was recorded in Adobe Inc stocks on 2024-10-15, dropping by 3131.0 shares to a total of 6.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.07 million shares. There was a decline of -0.05%, which implies that there is a negative sentiment for the stock.
