Adobe's Stock Surges Amid Buyback, Positive Rating

Adobes stock surged by 5.5% in afternoon trading, driven by a significant share buyback program and a positive outlook from Barclays. The broader market sentiment, influenced by comments from New York Federal Reserve President John Williams, also contributed to the tech sectors boost. Despite this recent uptick, Adobes stock is still down over 21% this year and remains more than 37% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.