Down 14% In The Last Trading Session, Where Is Adobe Stock Headed?

SAN FRANCISCO, CALIFORNIA - DECEMBER 13: A sign is displayed on the exterior of an Adobe office on ... [+] December 13, 2023 in San Francisco, California. Computer software company Adobe will report fourth quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)Getty ImagesAdobe’s stock (NASDAQ NDAQ : ADBE DBE ) has lost 17% in 2024 as compared to the 7% rise in the S&P500 index over the same period. Further, the stock price dropped 13.7% on Friday vs a 0.7% gain in the broader ...