The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Adobe Inc shares valued at $333,300 were sold by Banse Amy on Dec 06 ’24. At $550.00 per share, Banse Amy sold 606 shares. The insider’s holdings dropped to 32,929 shares worth approximately $14.4 million following the completion of this transaction.
Also, AMY BANSE purchased 606 shares, netting a total of over 326,161 in proceeds.
Before that, Rao Dana had added 8,671 shares to its account. In a trade valued at $4,526,692, the Officer bought Adobe Inc shares for $522.05 each.
As published in a research note from Exane BNP Paribas on January 15, 2025, Adobe Inc [ADBE] has been rated up from an Underperform to a Neutral and the price target has been revised to $425. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 12, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for ADBE. Earlier on December 06, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for ADBE stock.
Analyzing ADBE Stock Performance
During the last five days, there has been a surge of approximately 5.96%. Over the course of the year, Adobe Inc shares have dropped approximately -1.66%. Shares of the company reached a 52-week high of $450.12 on 01/02/25 and a 52-week low of $403.75 on 01/13/25. A 50-day SMA is recorded $477.42, while a 200-day SMA reached $504.15. Nevertheless, trading volume fell to 3.39 million shares from 3.83 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 433.92, which, if violated, would cause prices to drop to 430.53. In the upper region, resistance lies at 440.22. The next price resistance is at 443.13. RSI (Relative Strength Index) is 45.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.51, which suggests the price will increase in the coming days. Percent R is at 27.60%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
