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Adobe's stock gains institutional support as earnings beat estimates, despite insider sales.
Adobe Inc. saw institutional interest rise as CenterBook Partners LP acquired 1,193 shares valued at $531,000.
The company's latest quarterly earnings per share were $5.08, exceeding estimates by $0.11, with revenue at $5.71 billion, also above expectations.
Despite recent insider sales of 5,075 shares, Adobe has a market cap of $150.22 billion and is rated "Moderate Buy" with a target price of $527.12.
The stock's 52-week range is $332.01 to $587.75.
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Las acciones de Adobe ganan apoyo institucional a medida que las ganancias superan las estimaciones, a pesar de las ventas de información privilegiada.