Adobe Stock Jumps Over 1% So Far Today, Outperforms Market

Adobe shares rose 1.19% to $464.95 at 10:05 EST on Thursday. The Nasdaq Stock Market is sliding 0.82% to $11801.6, on what seems, at the moment, a somewhat rough exchanging session on The Nasdaq Stock Market. Adobe's last close was $459.47, under its 52-week high of $536.88. Adobe's sales growth is 12.3% for the ongoing quarter and 13.2% for the next. The company's growth estimates for the ongoing quarter and the next are 16.2% and 14.1%, respectively. Year-on-year quarterly revenue growth grew by 13.8%, now sitting on 12.44B for the twelve trailing months. Adobe's stock is valued at $464.95 at 10:05 EST, way below its 52-week high of $536.88 and way higher than its 52-week low of $255.13. Adobe's worth is below its 50-day moving average of $481.98 and above its 200-day moving average of $447.65.