Nov 21, 2006

Adobe shares rise to 52-week high

Source: AP via Business Week

Shares of Adobe Systems Inc. rose to a 52-week high Tuesday, after an analyst predicted strong demand for the software maker’s Creative Suite 3, which includes Adobe’s flagship Photoshop and Illustrator graphic design programs.

The San Jose, Calif.-based company’s stock rose $1.08, or 2.6 percent, to $42.39 in morning trading on the Nasdaq after rising as high as $42.75 earlier in the session. The stock hit its previous 52-week high last week, and has traded as low as $25.98 in the last year.

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