Why Adobe's Stock Is Falling Today

Shares of Adobe Inc. (NASDAQ: ADBE) fell today as investors continued yesterday's market sell-off. After a few months of skyrocketing share prices, many tech investors are selling their shares and locking in their profits.

Adobe's stock fell by as much as 7.1% today, but as of 1:47 p.m. EDT, the company's stock was down 4.3%.

The S&P 500 has experienced significant gains over the past few months, led mostly by tech stocks. Investors have flocked to the technology sector as the coronavirus pandemic has forced people to spend more time at home.

Source Fool.com