Adobe's 0.25% Rise on $1.18 Billion Volume Secures 77th Rank in U.S. Equity Trading

Adobe Inc. (ADBE) rose 0.25% on Thursday, with a trading volume of $1.18 billion, ranking 77th among U.S. equities by volume. The stock's performance followed mixed signals from recent corporate developments and market dynamics.

Recent reports highlighted Adobe's strategic pivot toward AI-driven creative tools, which analysts suggest could strengthen its competitive edge in the software sector. The company's Q2 revenue exceeded Wall Street expectations, driven by sustained demand for its digital experience solutions. However, concerns over macroeconomic headwinds and sector-wide valuation pressures tempered bullish momentum.

Market participants noted that Adobe's stock price remains sensitive to broader tech sector trends, with its enterprise software model offering both growth potential and volatility. Institutional buyers appeared cautious, with open interest in long-dated call options showing a 12% decline over the past week.

To run this back-test rigorously I need to pin down a few practical details: 1. Stock universe • Do you want to consider all U.S. common stocks (≈ 4,000 names) or limit the search to a universe such as the Russell 3000, S&P 500, Nasdaq-100, etc.? • If you already have a file with the tickers you’d like included, feel free to share it. 2. Entry/exit price convention • Default: buy at the day’s close, sell at the next day’s close (close-to-close return). • Alternative: buy at close, sell at next day’s open. 3. Transaction costs and slippage • Default assumption is zero (pure gross returns). • I can incorporate commission/slippage estimates if you wish. 4. Weighting & capital allocation • Default: equal-weight the 500 names each day (1/500 of capital per position). 5. Risk controls • None by default (positions closed strictly after 1 day). • Stop-loss, take-profit, or max drawdown rules can be added if desired. Once I have confirmation (or any adjustments) I’ll pull the required volume data, construct the daily “top-500” lists, and run the back-test from 2022-01-03 to today.