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Why did Adobe (ADBE) stock go down on Oct 16, 2026?

Updated ยท Data: Nasdaq daily prices through Oct 16, 2026 close; SEC EDGAR

Quick answer

Adobe (ADBE) fell 2.6% to $245.20 on Friday, Oct 16, 2026, on 0.8x its 50-day average volume. There was no new SEC filing from the company in the five days up to the session, so the filing record does not explain the move.

Close (Oct 16, 2026)$245.20
Change-2.6%
Volume vs 50-day avg0.8x
From 52-week high-32.6%

What the data shows about the move

ADBE move in numbers

MetricValue
Close$245.20
Previous close$251.67
Change ($)-$6.47
Change (%)-2.57%
Day high / low$256.51 / $243.94
Volume3,919,180
50-day average volume4,852,435
52-week high / low$363.70 / $190.12
Above 52-week low+29.0%
50-day average price$256.54
200-day average price$254.21

Last 10 sessions

DateCloseChangeVolume
Oct 16, 2026$245.20-2.57%3,919,180
Oct 15, 2026$251.67+4.57%6,614,918
Oct 14, 2026$240.68+1.86%3,484,439
Oct 13, 2026$236.28-0.78%3,710,549
Oct 12, 2026$238.14-1.70%4,531,042
Oct 9, 2026$242.27+0.51%3,892,791
Oct 8, 2026$241.05+3.56%5,805,888
Oct 7, 2026$232.77-2.25%6,569,937
Oct 6, 2026$238.12-0.28%2,646,684
Oct 5, 2026$238.78+0.46%3,294,129

Peers in Computer Software: Prepackaged Software

CompanyClose Oct 16, 2026Change
DDOG Datadog$247.11-7.19%
SNPS Synopsys$454.63-2.88%
CDNS Cadence Design Systems$319.51-1.50%

Bull vs bear points from the data

Bull points

  • Up 1.2% over the last five sessions.

Bear points

  • Closed below its 50-day average price ($256.54).
  • Below its 200-day average ($254.21), the long-term trend line.
  • Still 32.6% below its 52-week high of $363.70.

Points are computed from price, volume and filing data only; they are not forecasts or recommendations.

Latest SEC filings for ADBE

FormFiledDetailLink
10-QSep 22, 202610-QEDGAR
4Sep 18, 2026FORM 4EDGAR
4Sep 17, 2026FORM 4EDGAR
4Sep 17, 2026FORM 4EDGAR
4Sep 17, 2026FORM 4EDGAR
8-KSep 10, 2026Items 2.02,9.01EDGAR

For the full picture, including financials from SEC filings and insider trades, see our ADBE stock analysis.

Sources

  1. SEC EDGAR: Adobe Form 10-Q filing index (filed Sep 22, 2026)
  2. SEC EDGAR: Adobe Form 4 filing index (filed Sep 18, 2026)
  3. SEC EDGAR: Adobe Form 4 filing index (filed Sep 17, 2026)
  4. SEC EDGAR: Adobe Form 4 filing index (filed Sep 17, 2026)
  5. SEC EDGAR: Adobe Form 4 filing index (filed Sep 17, 2026)
  6. SEC EDGAR: Adobe Form 8-K filing index (filed Sep 10, 2026)
  7. Nasdaq: ADBE historical prices and volume (daily data through Oct 16, 2026 close, retrieved Oct 19, 2026)
  8. Nasdaq: DDOG historical prices (peer) (Oct 16, 2026 close)
  9. Nasdaq: SNPS historical prices (peer) (Oct 16, 2026 close)
  10. Nasdaq: CDNS historical prices (peer) (Oct 16, 2026 close)
  11. Nasdaq: ADBE earnings date (retrieved Oct 19, 2026)