Adobe $ADBE Downtrend Channel Breakout, Dark Pool Action

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Adobe $ADBE stock confirmed a downtrend channel breakout on November 11, 2022. Dark pool activity has occurred in the stock since the beginning of November 2022.

Dark Pool Buying In Adobe $ADBE Stock

Dark pool trading occurred in Adobe $ADBE stock on November 4, 2022, and again on November 7, 2022. The dark pool trades were valued at $32 million and $39 million. GuerillaStockTrading believe that the dark pool trades were buy orders because of how Adobe $ADBE stock rose following the trades being made public.

Adobe stock chart on November 11, 2022, with dark pool trades shown with orange bars.
Adobe stock chart with dark pool trades on November 11, 2022.

Make sure to review this lesson on dark pool trading so that you understand the chart above.

DOJ prepares investigation of Adobe’s acquisition of Figma, Politico reports

On November 3, 2022, Politico reported that the Department of Justice was preparing an in-depth investigation into Adobes $20B acquisition of Figma. The Department of Justice has been contacting both Adobe’s customers and competitors, as well as Figma’s competitors, in recent weeks. Sources say that the DOJ has already sent out civil investigative demands. The primary concern with the acquisition is that Adobe will raise prices and slow innovation. The exact timing of the probe is not yet known. Source: https://www.politico.com/news/2022/11/02/doj-review-adobe-20-billion-figma-deal-00064671

Adobe to aid U.S. Bancorp enhance online and in-branch customer experience

On October 24, 2022, Adobe said that it is working with US Bank to make online and in-branch customer experiences better. The collaboration will build on US Bank’s successful digital transformation, which allows customers to have a consistent experience across branches and on web and mobile platforms. This way, they can complete bank transactions in a way that fits their needs. This could mean a conversation with a bank teller to discuss a financial plan, as well as depositing a check or checking a balance. Currently, more than 80% of US Bank’s consumer transactions and nearly 65% of its loan sales are handled digitally. The Adobe Experience Platform will help marketers deliver a single view of the customer by giving them greater precision in providing timely and appropriate content through the right channels.

“We have made substantial investments in modernizing our marketing technology stack, in support of the tremendous growth and engagement in digital channels,” said Kai Sakstrup, chief strategy and marketing officer at U.S. Bank. “It is important to us to provide a seamless experience whether a customer is completing a transaction in person, online or on the mobile app. The Adobe Experience Platform underpins our goal to address the changing needs of customers, who demand more meaningful interactions with a financial services partner, while providing a foundation to reshape how we engage corporate clients in the future.”

“U.S. Bank is a leader in the financial services sector, setting an example as brands prioritize making the digital economy more personal,” said Anjul Bhambhri, senior vice president at Adobe Experience Cloud. “With Adobe Experience Platform, marketers at U.S. Bank can rally around a single view of the customer, driving an always-on personalization strategy that can evolve with consumer expectations and be in full compliance with strict industry rules and regulations.”

Adobe CEO Shantanu Narayen: We’re looking to build this company for the long run

Adobe CEO Shantanu Narayen: We're looking to build this company for the long run

Adobe $ADBE Stock Chart Technical Analysis

Adobe $ADBE stock chart is in a technical downtrend. Long-term indicators suggest a continuation of the downtrend. However, the stock has just confirmed a downtrend channel breakout in the intermediate time frame. The MACD has recently given a buy signal and the money flow is improving and looks ready to go positive.

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