Dan Durn, Adobe’s CFO and executive vice president (Adobe)

INSIDER BUYING

Adobe’s CFO is buying the dip — again

Durn’s first buy came in September 2022, just as Adobe’s stock was dropping sharply.

3/26/25 8:52AM

Adobe’s stock has been on a rough ride, with its shares shedding more than 20% over the past year.

The company’s leadership is currently focused on building out its AI-powered offerings, while trying to convince Wall Street that its AI initiatives, in particular its focus on agentic AI, will pay off in the long run for the $174 billion Photoshop giant. And its chief financier is putting his money where his mouth is: according to an SEC filing last week, Adobe CFO Dan Durn just dropped over half a million dollars to scoop up Adobe stock — only the second time he’s made an open-market purchase since joining the company in October 2021.

Adobe’s CFO is buying the stock — Sherwood News

Buy the dip

Durn’s first buy came in September 2022, just as Adobe’s stock was tanking. Shares had cratered ~60% from its pandemic highs, spooked in part by a $20 billion plan to acquire Figma that some investors felt was overpriced. Per the SEC filings, Durn bought $936,358 worth of Adobe stock on September 22, an investment which appreciated nicely over the coming 12 months: shares soared nearly 80% in 2023 after Adobe launched its generative-AI tool Firefly and abandoned the Figma deal in December, owing to regulatory concerns.

Now, Adobe’s back under pressure. Earlier this month, the company’s lackluster Q2 revenue guidance triggered a ~14% drop in a single day, pushing shares toward another major low — and Durn bought it… again.

In a recent Reuters interview, Durn said Adobe expects to double its AI-driven recurring revenue over the next three quarters. Meanwhile, Bank of America analysts reiterated their “buy” rating last week, citing stronger monetization potential from “a broadening set of AI features” rolling out this year.

Durn’s not the only Adobe insider reloading: Director David Ricks (who is Eli Lilly’s CEO) also bought the dip back in 2022 and jumped back in this January, buying ~$1 million worth of Adobe shares on January 28.

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Amazon just matched its longest losing streak in 20 years

Amazon shares marked their ninth straight day of losses — the company’s longest losing streak since 2006.

The milestone follows a fourth-quarter earnings miss, downbeat guidance, and a plan to spend a whopping $200 billion on capital expenditure this year.

Amazon is hoping that by spending big on AI infrastructure now, it will reap rewards from the technology later. Investors aren’t so sure.

Interestingly enough, the current situation sounds quite similar to the one Amazon was in two decades ago. Back then, Amazon endured a similar stretch as it was upping spending on tech and an online toy store — moves that would eat into its profits.

At the time, an asset manager told Bloomberg, “They want to capture as many eyeballs as they can on the Internet and be the go-to place on the Internet, but that’s costing them earnings, at least right now.”

Sound familiar? In case you’re wondering, Amazon stock has risen 14,849% since that quote.

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Rivian is on pace for its best-ever trading day as analysts dig into Q4 results

EV maker Rivian is on track to log its best trading day on record Friday, as investors pour in following its fourth-quarter earnings report and 2026 guidance and analysts issue bullish appraisals of the shares.

Rivian shares are up more than 30% on Friday afternoon, easily surpassing its previous best trading day, which came in January 2025.

“We continue to remain confident in the long-term vision that RIVN is amid a massive transformation,” Wedbush Securities’ Dan Ives wrote in a fresh note on Friday. The firm maintained its $25 price target and “outperform” outlook and said that the launch of Rivian’s upcoming lower-cost SUV, the R2, is “crucial.”

Rivian received upgrades from Deutsche Bank (to “buy” from “hold”) and UBS (to “neutral” from “sell”) following its results.

On its Thursday earnings call, Rivian said it expects its delivery volume of its existing vehicle lineup to land “roughly in line with... 2025 total volumes.” Given the automaker’s full-year delivery guidance, that statement implies 2026 R2 deliveries to land between 20,000 and 25,000 units.

Self-driving features also appear to be boosting investor optimism. On Thursday’s earnings call, CEO RJ Scaringe said the company would enable “point-to-point” driving in its vehicles later this year. In a podcast interview released Thursday, Scaringe predicted that by 2030, it will be “inconceivable to buy a car and not expect it to drive itself.” Rivian is targeting “a little sooner than that,” he added.

Rivian shares are also likely benefiting from something of a snapback: before the release of its Q4 results, Rivian shares had been hammered recently, down 38% since their recent high in December.

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Rivian received upgrades from Deutsche Bank (to “buy” from “hold”) and UBS (to “neutral” from “sell”) following its results.

Rivian shares are also likely benefiting from something of a snapback: before the release of its Q4 results, Rivian shares had been hammered recently, down 38% since their recent high in December.

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