Shares of Adobe Inc. ADBE, -0.22% slumped 0.22% to $370.82 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.38% falling 0.38% to 3,735.48 and Dow Jones Industrial Average DJIA, -0.50% falling 0.50% to 30,364.83. This was the stock’s fifth consecutive day of losses. Adobe Inc. closed $328.72 below its 52-week high ($699.54), which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. MSFT, +0.92% rose 0.92% to $244.49, Salesforce Inc. CRM, -0.95% fell 0.95% to $164.45, and SAP SE ADR SAP, -0.50% fell 0.50% to $90.37. Trading volume (3.2 M) eclipsed its 50-day average volume of 3.1 M.