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What happened to Adobe’s stock in September?
Shares of Adobe (NASDAQ: ADBE) plunged by 26.3% in September, according to data provided by S&P Global Market Intelligence. With this tumble, the share price of the software company has been cut in half year to date. © Getty Images A person designs artwork on a computer.
Is Adobe (ADBE) a good stock to buy now?
Adobe Inc. (NASDAQ:ADBE) is in 22nd position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 92 hedge fund portfolios held Adobe Inc. (NASDAQ:ADBE) at the end of the second quarter which was 93 in the previous quarter.
Is Adobe a technology business or a business?
In addition, Adobe stands to be a leader in providing tools for creators to develop aspects of the immersive internet (metaverse) as that develops as well. Adobe's share price has sold off considerably despite its healthy ongoing growth, similar to certain other companies commonly classified as technology businesses.
What is the one-month return of adobe (ADBE)?
One-month return of Adobe Inc. (NASDAQ:ADBE) was -24.90% and its shares lost 51.67% of their value over the last 52 weeks. Adobe Inc. (NASDAQ:ADBE) has a market capitalization of $133.493 million. Here is what Polen Capital specifically said about Adobe Inc. (NASDAQ:ADBE) in its Q2 2022 investor letter:
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