Adobe stock is taking off: Could a rumored Workday buyout push it higher?

Adobe (ADBE) has rallied 42% off its yearly low and is now near its highest level since June 2, reflecting investor rotation back into software after a prior sell-off. The move signals improving sentiment toward the sector rather than a specific company fundamentals update in the news.

Analysis

Adobe (ADBE) has rallied 42% off its yearly low and is now near its highest level since June 2, reflecting investor rotation back into software after a prior sell-off. The move signals improving sentiment toward the sector rather than a specific company fundamentals update in the news.