Adobe Inc. stock falls Tuesday, underperforms market – MarketWatch

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Shares of Adobe Inc. ADBE, -2.74% slipped 2.74% to $416.48 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.63% falling 0.63% to 4,132.15 and Dow Jones Industrial Average DJIA, -0.67% falling 0.67% to 32,990.12. The stock’s fall snapped a three-day winning streak. Adobe Inc. closed $283.06 below its 52-week high ($699.54), which the company achieved on November 22nd.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. MSFT, -0.50% fell 0.50% to $271.87, Salesforce Inc. CRM, -2.94% fell 2.94% to $160.24, and SAP SE ADR SAP, -1.30% fell 1.30% to $99.84. Trading volume (7.6 M) eclipsed its 50-day average volume of 3.5 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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