There isn’t much digging to be done here; the explanation for the decline is apparent and simple: dismal guidance for the first quarter and full-year 2022 projection. Despite the fact that Adobe had a good fiscal fourth quarter, investors were disappointed by the company’s lackluster outlook.
You could be asking “When did adobe stock split?”
You see, adobe (ADBE) has 5 splits in our Adobe stock split history database. The first split for ADBE took place on November 23, 1988. This was a 2 for 1 split, meaning for each share of ADBE owned pre-split, the shareholder now owned 2 shares.
Better-than-expected results paired with a strong outlook should lead to a nice bump for Adobe shares. Otherwise, expect the stock to remain correlated to other tech stocks. For investors who like Adobe’s position in the creativity and productivity software markets, this downturn could present a great chance to buy some shares for the long haul.
Its chart shows clear correlation to the Invesco QQQ exchange traded fund (ETF) and the Pro, shares ultra Pro QQQ ETF. This indicates that Adobe is moving in conjunction with large-cap tech stocks, and it’s more volatile than many of its large peers.
How big was adobe’s original position size when it split?
Looking at the Adobe stock split history from start to finish, an original position size of 1000 shares would have turned into 32000 today.
What is AAPL’s stock split history?
AAPL’s 4th split took place on June 09, 2014. This was a 7 for 1 split, meaning for each share of AAPL owned pre-split, the shareholder now owned 7 shares. For example, a 8000 share position pre-split, became a 56000 share position following the split. AAPL’s 5th split took place on August 31, 2020.
ADBE’s second split took place on August 11, 1993. This was a 2 for 1 split, meaning for each share of ADBE owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
Is it time to buy growth stocks?
While volatility may continue to shake the market in the near term, investors now have a sizable collection of great companies trading at much more attractive prices to choose from.
Another thing we wondered was: can a business influence its own stock price?
Sometimes, there’s nothing a business can do to influence its stock price. Adobe lost around $30 billion in market value last month, even though nothing really changed about the company’s financial situation.