Adobe's (ADBE) CFO departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note emailed Friday.
Shares of Adobe dropped 7%, with intraday trading volume rising to more than 19.0 million from the stock's daily average of about 5.71 million.
Aspire Biopharma (ASBP) agreed to acquire Dura Driver Control Systems, a manufacturer of automotive driver control systems, for $30 million in cash, according to a statement on Friday.
Shares slumped 19%. Intraday trading volume stood at more than 10.0 million, versus a daily average of about 13.1 million.
Price: $201.17, Change: $-17.63, Percent Change: -8.06%