Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adobe Inc shares valued at $145,567 were purchased by Forusz Jillian on Jan 28 ’25. At $435.83 per share, Forusz Jillian acquired 334 shares.
Also, Belsky Scott sold 3,819 shares, netting a total of over 1,643,087 in proceeds. Following the sale of shares at $430.24 each, the insider now holds 18,334 shares.
Before that, Belsky Scott had sold 922 shares from its account. In a trade valued at $403,172, the Chief Strategy Officer & EVP traded Adobe Inc shares for $437.28 each. Upon closing the transaction, the insider’s holdings decreased to 922 shares, worth approximately $9.78 million.
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 1.00%. Over the course of the year, Adobe Inc shares have dropped approximately -0.67%. 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 $470.15, while a 200-day SMA reached $502.96. Nevertheless, trading volume fell to 2.99 million shares from 5.38 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 438.88, which, if violated, would cause prices to drop to 436.09. In the upper region, resistance lies at 444.42. The next price resistance is at 447.16. RSI (Relative Strength Index) is 48.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.16, which suggests the price will increase in the coming days. Percent R is at 9.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
