Joel R Mogy Investment Counsel Dumps $7.5 Million Worth of Adobe (NASDAQ: ADBE) Shares: Is the Stock a Sell?

Joel R Mogy Investment Counsel (JMIC) disclosed in an October 16, 2025, SEC filing that it sold 20,929 Adobe shares during Q3 2025. This was an estimated $7.51 million trade based on the average price for Q3 2025.What happenedJoel R Mogy Investment Counsel reported a reduction in its position in Adobe (ADBE 1.30%), selling 20,929 shares during Q3 2025. The estimated value of the sale, based on the average closing price for Q3 2025, was approximately$ 7.51 million. The position now stands at 50,664 shares as ...