In a filing, Adobe Inc revealed its Officer SCOTT K BELSKY acquired Company’s shares for reported $0.4 million on Jan 24 ’25. In the deal valued at $437.28 per share,922 shares were bought.
Then, Banse Amy sold 606 shares, generating $333,300 in total proceeds. Upon selling the shares at $550.00, the Director now owns 32,929 shares.
Before that, AMY BANSE bought 606 shares. Adobe Inc shares valued at $326,161 were divested by the Director at a price of $538.22 per share.
Exane BNP Paribas upgraded its Adobe Inc [ADBE] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. TD Cowen also remained covering ADBE and has decreased its forecast on December 12, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets maintained its rating on December 06, 2024. It rated ADBE as “an Outperform”.
Price Performance Review of ADBE
On Friday, Adobe Inc [NASDAQ:ADBE] saw its stock fall -0.43% to $435.38. Over the last five days, the stock has gained 1.98%. Adobe Inc shares have fallen nearly -2.09% since the year began. Nevertheless, the stocks have fallen -27.09% over the past one year. While a 52-week high of $638.25 was reached on 01/02/25, a 52-week low of $403.75 was recorded on 01/13/25. SMA at 50 days reached $474.96, while 200 days put it at $503.67.
Levels Of Support And Resistance For ADBE Stock
The 24-hour chart illustrates a support level at 432.78, which if violated will result in even more drops to 430.18. On the upside, there is a resistance level at 439.93. A further resistance level may holdings at 444.48. The Relative Strength Index (RSI) on the 14-day chart is 43.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.05%. Stochastics %K at 75.89% indicates the stock is a holding.
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.
The most recent change occurred on September 04, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $625.
