Stocks

“Adobe Is Down 32% This Year: Is ADBE Stock Dead Money or Due for a Bounce?”

“Adobe stock has tumbled 32% this year while the S&P 500 gained 14%, making it the steepest decliner in its software peer group.

Autodesk fell 26% and Salesforce dropped 12% year-to-date, yet Adobe’s steeper slide signals stock-specific trouble, not a sector-wide breakdown.

Bears point to post-earnings selling acceleration, generative AI competition, and an incoming CEO transition as overhangs keeping Adobe’s multiple compressed…”

https://finance.yahoo.com/markets/stocks/articles/adobe-down-32-adbe-stock-185924162.html

Leave a Reply