Shares of Adobe Inc. (NASDAQ:ADBE) traded today at $581.75, eclipsing its 52-week high. This new high was reached on below average trading volume as 406,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.
In the past 52 weeks, shares of Adobe Inc. have traded between a low of $416.03 and a high of $581.75 and is now at $580.45, which is 40% above that low price.
Based on a current price of $580.45, Adobe Inc. is currently 6.3% above its average consensus analyst price target of $543.67.
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
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