Shares of Adobe Inc. ADBE, -1.20% slid 1.20% to $508.12 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.48% falling 0.48% to 4,117.37 and Dow Jones Industrial Average DJIA, -1.12% falling 1.12% to 32,417.59.
This was the stock’s eighth consecutive day of losses.
Adobe Inc. closed $66.28 below its 52-week high ($574.40), which the company achieved on October 12th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. AAPL, +0.80% rose 0.80% to $168.22, Microsoft Corp. MSFT, +0.59% rose 0.59% to $329.81, and Alphabet Inc. Cl C GOOG, -0.03% fell 0.03% to $123.40.
Trading volume (3.0 M) eclipsed its 50-day average volume of 2.7 M.