US Stock Movers | Adobe drops over 8% pre-market as CEO resigns after 18 years at the helm

NightAirdropper · 2026-03-13T13:06:28+00:00

Gelonghui March 13 | Adobe Inc. (( ADBE.US )) fell 8.72% in pre-market trading, closing at $246.26. On the news front, amid an industry transformation driven by artificial intelligence, Adobe announced on Thursday that Shantanu Narayen, aged 62, will step down as CEO after serving for 18 years, but will remain until a successor is appointed and will continue to serve as chairman of the board. On the same day, the company released its first-quarter earnings report, with both revenue and profits surpassing market expectations. (Gelonghui)

NightAirdropper

2026-03-13 13:06:28

Gelonghui March 13 | Adobe (ADBE.US) pre-market drops 8.72%, trading at $246.26. In the news, as artificial intelligence sparks industry transformation, Adobe announced on Thursday that 62-year-old Shantanu Narayen will step down as CEO after 18 years, but will remain until a successor is appointed and continue to serve as Chairman of the Board. On the same day, the company released its first-quarter report, with revenue and performance exceeding market expectations.

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