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Adobe Inc Shares Performs Better than Competitors 

Adobe Inc. shares +1.47% rose 1.47% to $656.86 Monday. This proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.85% rising 0.85% to 4,479.53, and the Dow Jones Industrial Average DJIA, +0.61% rising 0.61% to 35,335.71.

Adobe Inc. hit a new 52-week high, surpassing its previous peak of $652.00, which the company achieved on August 20th.The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. MSFT, +0.10% rose 0.10% to $304.65, Salesforce.com Inc. CRM, +1.71% rose 1.71% to $260.52, and SAP SE ADR SAP, +0.75% rose 0.75% to $148.95.

Adobe Inc’s trading volume (1.6 M) remained 102,728 below its 50-day average volume of 1.7 M. This was the stock’s third consecutive day of gains. Adobe Systems closed at $656.86 in the latest trading session, marking a +1.47% move from the prior day. This change outpaced the S&P 500’s 0.85% gain on the day.

The Computer – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 119, putting it in the top 47% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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