Largest Positive One-Day Changes for ADBE

How does ADBE usually behave after a large single-day up move in the stock price?

Using the 12 largest single-day up moves over the last 3 years in ADBE stock, the average move was +6.0% with the single largest daily move of +10.4% occurring on 10-Nov-2022. The following day, ADBE stock price averaged +1.1% gains, with up moves more frequent than down moves. The stock was up 75% of the time in that period one day after these significant moves. Earnings dates have been excluded from this analysis.

Catalysts

1 of the moves coincided with a company-issued press release.

1 Week After

The following week, ADBE stock price averaged +2.6% gains, with up moves more frequent than down moves across 12 observations. The stock was up 58% of the time in that period one week following these significant moves.