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Ostrum Asset Management cut Adobe's stock holdings by 91.5%, but Adobe's stock still rose 3.2% over the past month.
Ostrum Asset Management significantly reduced its Adobe Inc. stock holdings by 91.5% in the fourth quarter, selling 3,830 shares and now owning only 356 shares.
Despite this, Adobe reported strong financial results, exceeding analysts' earnings and revenue expectations.
The company's CFO and a director recently bought additional shares.
Adobe's stock, trading at $362.59, has seen a 3.2% increase over the past month.
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Ostrum Asset Management redujo las tenencias de acciones de Adobe en un 91,5%, pero las acciones de Adobe aún subieron un 3,2% durante el mes pasado.