Stock price performance of Adobe Systems Incorporated is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 11.08% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 14.8% . Looking at the past 52 week period, the stock price is up at 45.42% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Adobe Systems Incorporated has a positive value of 9.75 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 5.34% and the 50-Day Moving Average is 7.77%.The 200 Day SMA reached 12.09%
Based on the Stock Research Adobe Systems Incorporated Relative Strength Index signal is in over bought territory with a range of 74.46. Adobe Systems Incorporated (NASDAQ:ADBE) has climbed 1.04% in the past week and advanced 6.34% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.92% and the outperformance has advanced to 5.4% for the last 4 weeks period.
Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Robert K Burgess (director) sold 25,000 shares at 113.19 per share price.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.
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 (NASDAQ:ADBE) : On Friday heightened volatility was witnessed in Adobe Systems Incorporated (NASDAQ:ADBE) which led to swings in the share price. The stock opened for trading at $113.55 and hit $115.45 on the upside , eventually ending the session at $115.17, with a gain of 1.78% or 2.01 points. The heightened volatility saw the trading volume jump to 2,507,874 shares. The 52-week high of the share price is $115.45 and the company has a market cap of $56,903 million. The 52-week low of the share price is at $71.27 .
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.