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2 Big Stocks Making Big Moves Thursday


Stock markets pushed upward to their best levels of the year on Wednesday, reacting positively to news that the Federal Reserve did not raise interest rates at its December meeting and largely sees its monetary policy as neutral at present. Early Thursday morning, it appeared that markets would continue to gain ground. Stock index futures were up as much as half a percent in premarket trading.

Even with the overarching support from the Fed, company-specific news continued to affect various individual stocks in different ways. Adobe (NASDAQ: ADBE) reported its latest financial results and saw its share price drop. However, Moderna (NASDAQ: MRNA) announced a potential victory that gave shareholders some new confidence that the biotech company could prosper even as its importance as a COVID-19 vaccine stock diminishes.

Shares of Adobe were down 4% in premarket trading early Thursday. The creative software company got negative feedback from shareholders even as its fiscal fourth-quarter financial results for the period ended Dec. 1 were better than most of them had expected.

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Source Fool.com

Adobe Inc. Stock

€482.05
-4.890%
Heavy losses for Adobe Inc. today as the stock fell by -€24.750 (-4.890%).
With 60 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 588 € shows a positive potential of 21.98% compared to the current price of 482.05 € for Adobe Inc..
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