Adobe Inc (ADBE) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been down on Adobe Inc (ADBE) stock lately. ADBE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Adobe Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ADBE!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ADBE Stock Today?

Adobe Inc (ADBE) stock is higher by 0.47% while the S&P 500 is lower by -0.22% as of 11:53 AM on Tuesday, Sep 14. ADBE has risen $3.06 from the previous closing price of $645.15 on volume of 625,045 shares. Over the past year the S&P 500 is higher by 31.79% while ADBE has risen 33.40%. ADBE earned $11.57 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 56.05. To screen for more stocks like Adobe Inc click here.

More About Adobe Inc

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue). Click Here to get the full Stock Report for Adobe Inc stock.