Adobe (ADBE) Shows Resilience with a 0.89% Price Increase on November 3

Adobe (ADBE) Stock Price 

Adobe (ADBE) closed at a price of 563.66 USD on November 3, 2023. This represented a daily increase of 4.95 USD, equivalent to a 0.89% gain from the previous day's closing price. It's important to note that these figures are based on the closing price as of 5:24 PM EDT on November 3, 2023.

Adobe (ADBE) Stock Analysis

On November 3rd, 2023, Adobe (ADBE) closed at a price of 563.66 USD, reflecting a 0.89% increase from the previous day's closing price of 558.71 USD. The stock's intraday performance showed a range of 557.66 USD to 567.03 USD, with the day's highest point touching 567.03 USD and the lowest point at 557.66 USD. After-hours trading saw a slight dip, with Adobe's stock price at 563.34 USD, down 0.057% from the closing price.

The 52-week high for ADBE stood at 574.40 USD, while the 52-week low was 278.23 USD, indicating the stock's price range over the past year. Adobe's market capitalization was reported at 256.63 billion USD, and the P/E (Price-to-Earnings) ratio was 50.75.

Adobe's stock exhibited positive momentum on November 3rd, as it closed higher than the previous day. The day's trading range showed volatility between its highest and lowest points, and after-hours trading saw a minor decrease.

The 52-week high and low values illustrate the stock's performance over the past year, with a significant price difference. Adobe substantial market capitalization of 256.63 billion USD and a P/E ratio of 50.75 reflect its significant presence in the software industry, making it an attractive choice for investors looking for exposure to the technology sector.

Adobe (ADBE) Stock-Key Data

Adobe (ADBE)

Adobe (ADBE), formerly known as Adobe Systems Incorporated, is a prominent American multinational computer software company headquartered in San Jose, California, and incorporated in Delaware.

Adobe has a rich history of specializing in software development for various content creation and publishing purposes. Its diverse range of software solutions includes tools for graphics design, photography, illustration, animation, multimedia and video production, motion pictures, and print materials.

Some of Adobe's flagship products are Adobe Photoshop, a leading image editing software, Adobe Illustrator for vector-based illustration, Adobe Acrobat Reader for handling Portable Document Format (PDF) files, and a suite of tools designed for audio-visual content creation, editing, and publishing.

Adobe's Creative Suite bundled its products into a comprehensive package, which later evolved into Adobe Creative Cloud, a subscription-based software as a service (SaaS) offering