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 $998,946 were purchased by Ricks David A on Jan 28 ’25. At $443.98 per share, Ricks David A acquired 2,250 shares. The insider’s holdings grew to 4,984 shares worth approximately $1.94 million following the completion of this transaction.
Also, Forusz Jillian purchased 334 shares, netting a total of over 145,567 in proceeds.
Before that, Belsky Scott had sold 3,819 shares from its account. In a trade valued at $1,643,087, the Chief Strategy Officer & EVP traded Adobe Inc shares for $430.24 each. Upon closing the transaction, the insider’s holdings decreased to 3,819 shares, worth approximately $7.14 million.
As published in a research note from BMO Capital Markets on March 13, 2025, Adobe Inc [ADBE] has been retained to an Outperform and the price target has been revised to $495. Analysts at Redburn Atlantic started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid February. As of January 15, 2025, Exane BNP Paribas has increased its “an Underperform” rating to a “Neutral” for ADBE. Earlier on January 08, 2025, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for ADBE stock which previously was a “a Buy”.
Analyzing ADBE Stock Performance
During the last five days, there has been a surge of approximately 3.12%. Over the course of the year, Adobe Inc shares have dropped approximately -12.38%. Shares of the company reached a 52-week high of $465.70 on 02/13/25 and a 52-week low of $374.50 on 03/13/25. A 50-day SMA is recorded $433.58, while a 200-day SMA reached $495.92.
Support And Resistance Levels for Adobe Inc (ADBE)
According to the 24-hour chart, there is a support level at 384.33, which, if violated, would cause prices to drop to 379.06. In the upper region, resistance lies at 396.35. The next price resistance is at 403.10. RSI (Relative Strength Index) is 33.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -30.40, which suggests the price will decrease in the coming days. Percent R is at 80.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
