This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Adobe Inc. plunged 13.9% to $377.84 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.4% to 5,521.52 and Dow Jones Industrial Average falling 1.3% to 40,813.57.
Adobe Inc. closed 35.7% below its 52-week high of $587.75, which the company reached on September 12th.
The stock underperformed when compared to some of its competitors, as Apple Inc. fell 3.4% to $209.68, Microsoft Corp. fell 1.2% to $378.77, and Alphabet Inc. Cl C fell 2.53% to $164.73.
Trading volume totaled 14.2 million, compared to the 50-day average of 3.4 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 13, 2025 16:33 ET (20:33 GMT)
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