DJ Adobe Inc. Stock Underperforms Monday When Compared To Competitors
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Adobe Inc. $(ADBE)$ slipped 0.77% to $499.51 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.39% to 5,893.62 and the Dow Jones Industrial Average falling 0.13% to 43,389.60.
This was the stock's third consecutive day of losses.
Adobe Inc. closed $138.74 short of its 52-week high ($638.25), which the company reached on February 2nd.
The stock underperformed when compared to some of its competitors Monday, as Apple Inc. $(AAPL)$ rose 1.34% to $228.02, Microsoft Corp. $(MSFT)$ rose 0.18% to $415.76, and Alphabet Inc. Cl C $(GOOG)$ rose 1.67% to $176.80.
Trading volume (2.1 M) remained 1.0 million below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2024.
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(END) Dow Jones Newswires
November 18, 2024 16:35 ET (21:35 GMT)
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