Shares of Adobe rose 1.67% to $490.72 at 13:41 EST on Wednesday, following yesterday’s downward trend. The Nasdaq Stock Market is jumping 0.28% to $12,630.70, after two consecutive sessions in a row of gains. This seems, at the moment, a somewhat positive trend trading session today.
Adobe’s last close was $482.64, 9.41% below its 52-week high of $536.88.
Adobe’s sales growth is 21.6% for the ongoing quarter and 17.2% for the next. The company’s growth estimates for the present quarter and the next is 22.5% and 9.8%, respectively.
Year-on-year quarterly revenue growth grew by 14.4%, now sitting on 12.87B for the twelve trailing months.
Adobe’s Stock Top and Bottom Yearly Value
Adobe’s stock is valued at $490.72 at 13:41 EST, under its 52-week high of $536.88 and way higher than its 52-week low of $255.13.
Adobe’s Moving Average
Adobe’s value is higher than its 50-day moving average of $472.41 and higher than its 200-day moving average of $462.29.