(VIANEWS) – Shares of Adobe (NASDAQ: ADBE) fell 8.13% to $391.76 at 11:57 EST on Friday, after two consecutive sessions in a row of losses. NASDAQ is falling 3.37% to $11,358.18, after two consecutive sessions in a row of losses. This seems, at the moment, a very bearish trend exchanging session today.
Adobe’s last close was $426.42, 39.04% under its 52-week high of $699.54.
Today’s last reported volume for Adobe is 1907290 which is 44.84% below its average volume of 3458073.
The company’s growth estimates for the ongoing quarter and the next is 9.2% and 9.3%, respectively.
Year-on-year quarterly revenue growth grew by 9.1%, now sitting on 16.14B for the twelve trailing months.
Adobe’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.20%, a positive 0.40%, and a positive 2.36%, respectively.
Adobe’s highest amplitude of average volatility was 0.66% (last week), 2.06% (last month), and 2.36% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Adobe’s stock is considered to be overbought (>=80).
Adobe’s Stock Yearly Top and Bottom Value
Adobe’s stock is valued at $391.76 at 11:57 EST, way under its 52-week high of $699.54 and higher than its 52-week low of $370.27.
Adobe’s Moving Average
Adobe’s value is under its 50-day moving average of $419.95 and way below its 200-day moving average of $537.24.
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