2 Big Stocks Making Big Moves Thursday
Stock markets pushed upward to their best levels of the year on Wednesday, reacting positively to news that the Federal Reserve did not raise interest rates at its December meeting and largely sees its monetary policy as neutral at present. Early Thursday morning, it appeared that markets would continue to gain ground. Stock index futures were up as much as half a percent in premarket trading.
Even with the overarching support from the Fed, company-specific news continued to affect various individual stocks in different ways. Adobe (NASDAQ: ADBE) reported its latest financial results and saw its share price drop. However, Moderna (NASDAQ: MRNA) announced a potential victory that gave shareholders some new confidence that the biotech company could prosper even as its importance as a COVID-19 vaccine stock diminishes.
Shares of Adobe were down 4% in premarket trading early Thursday. The creative software company got negative feedback from shareholders even as its fiscal fourth-quarter financial results for the period ended Dec. 1 were better than most of them had expected.
Source Fool.com
Adobe Inc. Stock
The stock is one of the favorites of our community with 45 Buy predictions and 2 Sell predictions.
With a target price of 590 € there is a positive potential of 29.91% for Adobe Inc. compared to the current price of 454.15 €.
