Over 1 Year Ago
1 Min Read
Off goes ADBE. The stock falls on mixed earnings, news of Figma acquisition
Adobe Systems Inc (ADBE) is trading -5% lower at $292.63 today. While it's a somewhat pessimistic day for the Information Technology sector in general, the stock is trailing behind it's peers.
The stock is moving on mixed earnings and news of an acquisition of Figma for 20 Billion.
Adobe Systems Inc has been trading between a 52-week high of $699.54 and a 52-week low of $292.1. The stock has a market cap of $137 Billion.
Adobe is changing the world through digital experiences.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Fuzzy_Scene_8047 - 4 upvotes - source
Adobe ADBE remains a wonderful buying opportunity at mid-2019 price levels and their lowest PE in over a decade. The market has the Figma acquisition all wrong. Enterprise design systems (Figma's speciality) is a very moaty and lucrative niche. It's the most bullish thing I've heard on that company in a decade.
pain474 - 4 upvotes - source
ADBE leaps when it hits 260
RandomizedRandy - 4 upvotes - source
And a 17% drop from ADBE
MP1182 - 4 upvotes - source
Imagine buying ADBE at 680 cuz you knew how to open a .pdf.
fscumeau - 3 upvotes - source
> Looks at phone, sees ADBE down 17% > Oh that's nice > wonders if earnings got leaked
ConfusedPhilosopher3 - 3 upvotes - source
Ngl it seems like ADBE is a good deal
Mattreddit760 - 3 upvotes - source
Gonna average down a bit and add to my ADBE position. Other then that I expect blood but I'm already leveraged to the tits and have nothing left to throw at the 20th dip of the year. Gonna be a slim Christmas this year.
OstrichNeither - 3 upvotes - source
20 billiom dollar for figma Figma deez nuts Dumb adbe ceo
CaptTriage - 3 upvotes - source
Now that ADBE tanked 17% on the acquisition news, what the hell is going to happen AH for earnings
Tfarecnim - 2 upvotes - source
Yeah, it's too late, especially for a company as big as adobe to lose almost a quarter of it's market cap in a week. Either ignore, or play the potential bounce with monthlies, ADBE isn't going away any time soon.
The stock is moving on mixed earnings and news of an acquisition of Figma for 20 Billion.
Adobe Systems Inc has been trading between a 52-week high of $699.54 and a 52-week low of $292.1. The stock has a market cap of $137 Billion.
Adobe is changing the world through digital experiences.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Fuzzy_Scene_8047 - 4 upvotes - source
Adobe ADBE remains a wonderful buying opportunity at mid-2019 price levels and their lowest PE in over a decade. The market has the Figma acquisition all wrong. Enterprise design systems (Figma's speciality) is a very moaty and lucrative niche. It's the most bullish thing I've heard on that company in a decade.
pain474 - 4 upvotes - source
ADBE leaps when it hits 260
RandomizedRandy - 4 upvotes - source
And a 17% drop from ADBE
MP1182 - 4 upvotes - source
Imagine buying ADBE at 680 cuz you knew how to open a .pdf.
fscumeau - 3 upvotes - source
> Looks at phone, sees ADBE down 17% > Oh that's nice > wonders if earnings got leaked
ConfusedPhilosopher3 - 3 upvotes - source
Ngl it seems like ADBE is a good deal
Mattreddit760 - 3 upvotes - source
Gonna average down a bit and add to my ADBE position. Other then that I expect blood but I'm already leveraged to the tits and have nothing left to throw at the 20th dip of the year. Gonna be a slim Christmas this year.
OstrichNeither - 3 upvotes - source
20 billiom dollar for figma Figma deez nuts Dumb adbe ceo
CaptTriage - 3 upvotes - source
Now that ADBE tanked 17% on the acquisition news, what the hell is going to happen AH for earnings
Tfarecnim - 2 upvotes - source
Yeah, it's too late, especially for a company as big as adobe to lose almost a quarter of it's market cap in a week. Either ignore, or play the potential bounce with monthlies, ADBE isn't going away any time soon.
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