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April 3, 2014
15:08 EDTADBEAdobe trades lower after insiders sell shares
Shares of software company Adobe (ADBE) are trading significantly lower today after insiders reported selling their shares of the stock. WHAT'S NEW: In regulatory filings last night, four Adobe insiders reported share sales. Co-chairman Charles Geschke, CEO Shantanu Narayen, CFO Mark Garrett, and general manager David Wadhwani all sold shares in Adobe this past week. RECENT ANALYST ACTIONS: On March 19, Stern Agee raised its price target on Adobe to $80 from $70. The firm noted that Adobe reported very good first quarter results. The firm said it expects the company's Creative Cloud momentum to enable its market share to increase going forward. Sterne Agee kept a Buy rating on the stock. On March 21, Argus increased its price target on Adobe to $81 from $71 after the company reported stronger than expected Q1 results. The firm kept a Buy rating on the shares. PRICE ACTION: Shares of Adobe traded at a 52-week high of $71.11 on February 28 and reported first quarter earnings on March 18 that handily beat estimates. Shares of Adobe are lower by almost 5% in afternoon trading to $62.33.
News For ADBE From The Last 14 Days
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July 21, 2014
07:15 EDTADBEO'Reilly to hold a conference
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July 17, 2014
07:27 EDTADBEFCC to hold a meeting
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July 15, 2014
18:02 EDTADBEAdobe, Google announce digital type breakthrough
Adobe (ADBE) announced the release of Source Han Sans, an open source typeface supporting Japanese, Chinese and Korean, as well as Latin, Greek and Cyrillic alphabets. It was developed in collaboration with Adobe’s key partner Google (GOOG) and contracted foundry partners across East Asia. Source Han Sans marks a record-breaking typeface in terms of size, scale, complexity and support for Japanese, Chinese and Korean all within the same font family. It provides designers and developers creating content for international audiences one uniform font to use in print and Web files no matter the language - eliminating the need to license multiple fonts.

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