Adobe
stock tumbled after the software giant announced an acquisition. Soon thereafter, Chief Financial Officer Dan Durn bought nearly $1 million of shares.
Adobe (ticker: ADBE) announced on Sept. 15 that it had agreed to buy collaboration-software firm Figma for $20 billion. Investors didn’t like the deal, and Adobe stock tumbled 17% that day, to close at $309.13. The shares continued to fall in the following days, hitting a 2½-year intraday low of $274.73 on Sept. 27.
Source: https://www.barrons.com/articles/adobe-stock-chief-financial-officer-dan-durn-51664571551?siteid=yhoof2&yptr=yahoo