Adobe Inc. Stock Slips 4.5%, Underperforms Peers

Dow Jones04:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Adobe Inc. slipped 4.5% to $238.25 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 7,764.64 and the Dow Jones Industrial Average falling 0.4% to 51,863.69.

Adobe Inc. closed 35.4% below its 52-week high of $368.73, which the company achieved on September 23rd.

The stock underperformed when compared to some of its peers, as Apple Inc. rose 0.2% to $339.75, Microsoft Corp. fell 0.7% to $498.00, and Alphabet Inc. Cl C fell 0.99% to $347.41.

Trading volume totaled 7.3 million, compared to the 50-day average of 5.3 million.

Data source: Dow Jones Market Data, FactSet

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