Stocks of ADBE, CRM, and TTD Reach 52-Week Lows Today: What’s Behind the Selloff?
Market Decline for Software Stocks On Thursday, shares of Adobe dropped to a seven-year low despite reporting first-quarter revenue of $6.62 billion, reflecting a 13% increase. Similarly, Salesforce’s stock fell to a three-year low at $163.31 as market reactions to AI-related layoffs took hold. The Trade Desk also saw its shares decline further amid worries […]
Software seems prepared for recovery; Is it the right moment to purchase CRM to sell NVDA?
This study is intended exclusively for FS Insight clients. Subscriptions allow access for one user and prohibit sharing or redistribution of the research. For further details, reach out to your sales representative or FS Insight. Analyst Certification (Reg AC) Mark L. Newton, CMT, the research analyst referred to as “AC” on the cover, confirms that […]