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Why Adobe Stock Lost 15% in December

TheMotleyFool

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Why Adobe Stock Lost 15% in DecemberPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Shares of Adobe (NASDAQ: ADBE) pulled back last month after the software giant known for products like Photoshop and its Creative Cloud offered disappointing guidance in its fourth-quarter earnings report. As a result, the stock fell 15% in December, according to data from S&P Global Market Intelligence.

As you can see from the chart below, the stock's sharpest drop during the month came after its earnings report came out on Dec. 16.