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7.98530703505958E-05 7.22670286672682E-05 7.98530703505958E-05 -0.000658787830392047 -0.00199632675876387 -0.00390481514014217 -0.00390481514014217 -0.00390481514014217
Stock impact report

Should You Buy the Dip in Adobe Stock Today? [Yahoo! Finance]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Company Research Source: Yahoo! Finance
Adobe (ADBE) stock tanked about 8% on March 13 despite a record Q1 earnings beat after the long-time CEO Shantanu Narayen said he's stepping down after 18 years at the helm. As investors responded to the leadership bombshell, ADBE slipped below its 20-day moving average (MA), further accelerating bearish momentum on Friday. More News from Barchart SoFi Stock Outlook: Can SoFi Technologies Recover After a 30% Drop? A Better-Calculated Way to Play the ‘Fear Trade' in AMD Stock Now Qualcomm Stock Warning: Why Bank of America Is Betting That QCOM Will Underperform Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Versus its year-to-date high, Adobe shares are now down nearly 25%. www.barchart.com Why Narayen's Departure Is Bearish for Adobe Stock Narayen's announcement is particularly jarring for ADBE shares because he was the chief architect of the firm's highly successful shift to the Creat Show less Read more
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