Adobe Inc’s recent filing unveils that its Director Banse Amy unloaded Company’s shares for reported $0.33 million on Dec 06 ’24. In the deal valued at $550.00 per share,606 shares were sold. As a result of this transaction, Banse Amy now holds 32,929 shares worth roughly $14.18 million.
Then, AMY BANSE bought 606 shares, generating $326,161 in total proceeds.
Before that, Rao Dana bought 8,671 shares. Adobe Inc shares valued at $4,526,692 were divested by the Officer at a price of $522.05 per share.
TD Cowen downgraded its Adobe Inc [ADBE] rating to a Hold from a a Buy in a research note published on December 12, 2024; the price target was decreased to $550 from $625. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer also remained covering ADBE and reiterated its “an Outperform” recommendation on September 04, 2024. JP Morgan revised its rating on June 14, 2024. It rated ADBE as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ADBE
On Friday, Adobe Inc [NASDAQ:ADBE] saw its stock fall -2.37% to $430.57. Over the last five days, the stock has lost -4.35%. Adobe Inc shares have fallen nearly -3.17% since the year began. Nevertheless, the stocks have fallen -24.70% over the past one year. While a 52-week high of $638.25 was reached on 01/02/25, a 52-week low of $432.47 was recorded on 01/03/25. SMA at 50 days reached $491.21, while 200 days put it at $508.61.
Levels Of Support And Resistance For ADBE Stock
The 24-hour chart illustrates a support level at 426.16, which if violated will result in even more drops to 421.75. On the upside, there is a resistance level at 434.14. A further resistance level may holdings at 437.71. The Relative Strength Index (RSI) on the 14-day chart is 27.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.41%. Stochastics %K at 11.55% 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 2024-11-29, dropping by -0.56 million shares to a total of 5.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.46 million shares. There was a decline of -9.51%, which implies that there is a negative sentiment for the stock.
