Shares of Adobe Inc. ADBE, -0.77% slumped 0.38% to $477.70 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX, -0.77% rising 0.09% to 4,475.01 and the Dow Jones Industrial Average DJIA, -0.73% falling 0.16% to 34,934.27. The stock’s fall snapped a two-day winning streak. Adobe Inc. closed $221.84 short of its 52-week high ($699.54), which the company achieved on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, -1.15% fell 0.12% to $299.50, Salesforce.com Inc. CRM, -1.78% fell 1.17% to $211.74, and SAP SE ADR SAP, -1.03% rose 0.55% to $120.91. Trading volume (3.7 M) remained 192,916 below its 50-day average volume of 3.8 M.