Tiger Brokers

Adobe Inc. Stock Rallies 5.7%, Outperforms Peers

Dow Jones
Jul 30

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

Shares of Adobe Inc. advanced 5.7% to $263.43 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.5% to 7,316.15 and Dow Jones Industrial Average falling 2.2% to 51,594.14.

This was the stock's fourth consecutive day of gains.

Adobe Inc. closed 30.0% below its 52-week high of $376.16, which the company reached on July 29th.

The stock outperformed some of its peers, as Apple Inc. fell 0.6% to $338.19, Microsoft Corp. fell 0.7% to $390.54, and Alphabet Inc. Cl C rose 0.95% to $335.76.

Trading volume totaled 9.8 million, compared to the 50-day average of 6.8 million.

Data source: Dow Jones Market Data, FactSet

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