Large Outflow of Money Witnessed in Adobe Systems Incorporated

Adobe Systems Incorporated (ADBE) managed to stay afloat and traded higher with an addition of 0.15 point or 0.13% at $113.53. The money flow data is a negative $(-8.24) million with $26.7 million in upticks and $34.93 million in downticks. The intraday up/down ratio came in at 0.76. The shares has seen -0.41% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $5.09 million and the combined worth of the downticks was $11.49, Million, leading to the up/down ratio of 0.44. The block trade saw a net money flow of $(-6.39) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Adobe Systems Incorporated has dropped 0.78% in the last five trading days, however, the shares have posted positive gains of 10.11% in the last 4 weeks. Adobe Systems Incorporated is up 5.44% in the last 3-month period. Year-to-Date the stock performance stands at 10.11%. Adobe Systems Incorporated (NASDAQ:ADBE) witnessed a decline in the market cap on Wednesday as its shares dropped 0.02% or 0.02 points. After the session commenced at $113.31, the stock reached the higher end at $113.64 while it hit a low of $112.6807. With the volume soaring to 1,859,067 shares, the last trade was called at $113.36. The company has a 52-week high of $114.57. The company has a market cap of $56,009 million and there are 494,078,480 shares in outstanding. The 52-week low of the share price is $71.27.

Company has reported several Insider transactions to the SEC, on Jan 27, 2017, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 10,440 shares at 113.08 per share price.On Jan 26, 2017, Matthew Thompson (EVP WW Field Operations) sold 55,000 shares at 113.78 per share price.On Jan 26, 2017, Bradley Rencher (EVP & GM, Digital Marketing) sold 40,000 shares at 113.96 per share price.

Adobe Systems Incorporated Last issued its quarterly earnings results on Dec 15, 2016. The company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.86. The company had revenue of $1608.00 million for the quarter, compared to analysts expectations of $1589.29 million. The companys revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Adobe Systems Incorporated was Downgraded by Pivotal Research Group on Jan 12, 2017 to Hold, Lowers Price Target to $ 104 from a previous price target of $136 .Adobe Systems Incorporated was Initiated by Wells Fargo to Market Perform on Jan 11, 2017. Adobe Systems Incorporated was Initiated by BMO Capital Markets on Jan 5, 2017 to Outperform, Price Target of the shares are set at $125.

Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. It offers a market-leading line of application software products for creating, distributing, and managing information of all types. The company license its industry-standard technologies to major hardware manufacturers, software developers, and service providers, and offer integrated software solutions to businesses of all sizes.


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