DJ Adobe Inc. Stock Rises Wednesday, Still Underperforms Market
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Shares of Adobe Inc. $(ADBE)$ rallied 7.25% to $364.64 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 9.52% to 5,456.90 and the Dow Jones Industrial Average rising 7.87% to 40,608.45.
The stock's rise snapped a four-day losing streak.
Adobe Inc. closed 37.96% below its 52-week high of $587.75, which the company achieved on September 12th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ rose 15.33% to $198.85, Microsoft Corp. $(MSFT)$ rose 10.13% to $390.49, and Alphabet Inc. Cl C $(GOOG)$ rose 9.88% to $161.06.
Trading volume (7.2 M) eclipsed its 50-day average volume of 4.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 9, 2025.
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April 09, 2025 16:35 ET (20:35 GMT)
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