NEW YORK (AVAFIN) -- A total of 44 block trades were executed during the market session,
typically at least 10,000 shares or more represent a single block unit. Block
trading activity shows that $22,594,897 worth of shares were bought
and $37,439,860 worth of shares were sold by institutional investors.
The negative net cash flow of $14,844,962 out of the
stock shows that investment houses have negative outlook for shares
of Adobe Systems.
Institutional investors also took positions in options where a total of 23,039 contracts
was traded. Specifically, 8,746 call and 14,293 put contracts were traded during the last
session yielding a 1.63 put/call ratio.
Adobe Systems (ADBE) opened today at $30.68 and is currently trading at $31.99, down $0.90 (2.74%) during
last trading session. Performance indicators show that the stock has gained 0.63% within the last week.
The daily low is $30.38 and the high is $32.49. The trading volume
of 18M is above the average volume of 4M shares. ADBE is trading below the 50
day moving average and higher than the 200 day moving average. The stock's 52 week low is $22.67 and 52 week high is $34.78.
Adobe Systems is a provider of software and software-as-a-service solutions for the creation, management, and distribution of digital content. The company's flagship solutions, such as Photoshop, Illustrator, Acrobat, and Flash are used by creative professionals, marketers, and organizations to create and monetize print, television, and Internet-based content. The company was founded in 1982 and is based in San Jose, Calif.