Tiger Brokers

Adobe Inc. Stock Advances 5.7%, Outperforms Peers

Dow Jones
Aug 28

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Adobe Inc. advanced 5.7% to $289.15 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,730.99 and the Dow Jones Industrial Average rising 0.2% to 53,569.44.

The stock's rise snapped a two-day losing streak.

Adobe Inc. closed 22.0% short of its 52-week high of $370.86, which the company reached on September 18th.

The stock outperformed some of its peers, as Apple Inc. rose 0.4% to $314.58, Microsoft Corp. rose 1.8% to $505.06, and Alphabet Inc. Cl C fell 0.41% to $337.71.

Trading volume totaled 6.3 million, compared to the 50-day average of 5.8 million.

Data source: Dow Jones Market Data, FactSet

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