Adobe Pick of the Week at Smart Insider Following CFO's Stock Purchase
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Adobe was named Smart Insider's stock pick of the week after CFO Daniel Durn purchased $508,000 worth of shares at $390.58 each, increasing his holdings by 5% to 30,000 shares. This marks Durn's second purchase, following a previous buy in September 2022 at $288. Smart Insider noted that this purchase comes six months after a significant sale of $3.3 million at $515. The stock was previously rated +1 by Smart Insider after a $1 million purchase by Director David Ricks, despite a decline in stock value since then.
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