Why Shares of Adobe Increased 15.5% in August
Shares of Adobe (NASDAQ: ADBE) rose 15.5% during the month of August, according to data from S&P Global Market Intelligence. The creative cloud software giant, home to Adobe Photoshop, Illustrator, Acrobat, and other digital marketing tools, rose along with the rest of the technology sector during a very strong August for the markets in general and tech in particular.
Adobe itself didn't report earnings, but seemed to move higher when other cloud software stocks showed strong results during the month.
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Source Fool.com
