Adobe Inc’s filing revealed 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 $2.17 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 $7.98 million.
Redburn Atlantic initiated its Adobe Inc [ADBE] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid January from “an Underperform” to “a Neutral”. Deutsche Bank also remained covering ADBE and has decreased its forecast on January 08, 2025 with a “Hold” recommendation from previously “Buy” rating. TD Cowen revised its rating on December 12, 2024. It rated ADBE as “a Hold” which previously was an “a Buy”.
Price Performance Review of ADBE
On Monday, Adobe Inc [NASDAQ:ADBE] saw its stock fall -3.19% to $435.08. Over the last five days, the stock has lost -1.28%. Adobe Inc shares have fallen nearly -2.16% since the year began. Nevertheless, the stocks have fallen -19.89% over the past one year. While a 52-week high of $587.75 was reached on 02/13/25, a 52-week low of $403.75 was recorded on 01/13/25. SMA at 50 days reached $440.07, while 200 days put it at $498.71.
Levels Of Support And Resistance For ADBE Stock
The 24-hour chart illustrates a support level at 430.69, which if violated will result in even more drops to 426.31. On the upside, there is a resistance level at 442.00. A further resistance level may holdings at 448.93. The Relative Strength Index (RSI) on the 14-day chart is 42.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.55%. Stochastics %K at 33.89% indicates the stock is a holding.
The most recent change occurred on December 06, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $600.
