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Stock Market & Financial Investment News

News Breaks
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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November 24, 2014
08:34 EDTADBEJefferies software analysts hold an analyst/industry conference call
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November 21, 2014
10:01 EDTADBEOn The Fly: Analyst Initiation Summary
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November 20, 2014
17:03 EDTADBEAdobe initiated with a Buy at Jefferies
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November 18, 2014
07:36 EDTADBEUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link

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