Swings in software companies coincide with broader volatility in technology stocks. Read More...
Motley Fool
Why Adobe Stock Dropped Today
On Wednesday, for the fourth trading session in a row, shares of software star Adobe (NASDAQ: ADBE) suffered yet another slump. Down 4.3% as of 11:40 a.m. ET, Adobe stock has now fallen 7% since the downturn began. In a note out this morning, UBS said it is cutting its rating on Adobe and downgrading the shares to neutral “on 2022 growth concerns,” reports StreetInsider.com.
