Why Shares of Adobe Were Rising Today
Shares of Adobe Inc (NASDAQ: ADBE) were climbing today as cases of the coronavirus continued to sweep across the U.S. Investors have looked to some technology stocks as a haven of sorts as more employees are working from home than ever before.
Adobe's stock gained as much as 5% during the day. As of 3:13 p.m. EDT, the stock was up 4.97%.
Adobe's stock wasn't moving on any company-specific news today, but investors were likely pushing up the company's share price as COVID-19 cases rose across the U.S. with no end in sight. The pandemic isn't a good thing, of course, but some investors are seeing the rising cases and putting their money into stocks that they think will be able to help companies ride out the virus.
Source Fool.com
