Adobe’s CFO just made a rare purchase of stock. It sends an upbeat signal. - MarketWatch
1. Adobe CFO Dan Durn bought $508,000 worth of shares amid market pressure. 2. Shares are down 25% over the last six months, worrying some investors. 3. Insider buying reflects belief that Adobe’s stock is currently undervalued. 4. Durn's previous stock purchase in 2022 was well-timed post-selloff. 5. Adobe ramped up share repurchases, buying 7 million shares last quarter.