Adobe Inc’s recent filing unveils that its Director Ricks David A acquired Company’s shares for reported $1.0 million on Jan 28 ’25. In the deal valued at $443.98 per share,2,250 shares were bought. As a result of this transaction, Ricks David A now holds 4,984 shares worth roughly $2.18 million.
Then, Forusz Jillian bought 334 shares, generating $145,567 in total proceeds.
Before that, Belsky Scott sold 3,819 shares. Adobe Inc shares valued at $1,643,087 were divested by the Chief Strategy Officer & EVP at a price of $430.24 per share. As a result of the transaction, Belsky Scott now holds 18,334 shares, worth roughly $8.02 million.
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 -1.92% to $437.45. Over the last five days, the stock has gained 0.48%. Adobe Inc shares have fallen nearly -1.63% since the year began. Nevertheless, the stocks have fallen -30.34% 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 $467.16, while 200 days put it at $502.66.
Levels Of Support And Resistance For ADBE Stock
The 24-hour chart illustrates a support level at 433.18, which if violated will result in even more drops to 428.92. On the upside, there is a resistance level at 444.36. A further resistance level may holdings at 451.28. The Relative Strength Index (RSI) on the 14-day chart is 45.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.56%. Stochastics %K at 86.74% indicates the stock is a selling.
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.