ADBE - Hot Stock: ADBE IRNT plunge on earnings; TGT downgrade; T upgrade; MCD clawback

Some big names saw some big movement in Thursday's midday trading. This included Adobe (NASDAQ:ADBE), which posted a double-digit percentage decline following the release of its quarterly report. IronNet (NYSE:IRNT) also plunged after announcing its financial figures. The stock lost nearly 30% on a quarterly loss and a murky forecast. Analyst comments provided a key catalyst for some of the intraday moves. Target (NYSE:TGT) lost ground in the wake of an analyst downgrade. Meanwhile, an upgrade gave a lift to AT&T (NYSE:T). Elsewhere, fast-food giant McDonald's (NYSE:MCD) recouped some of the money handed over to a disgraced former CEO. A legal settlement has allowed the company to claw back a nine-figure compensation package. Decliners Adobe (ADBE) tumbled 11% in midday action after the maker of digital marketing and publishing software failed to top expectations with its latest quarterly profit and issued a disappointing forecast for 2022. The company projected 2022

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Hot Stock: ADBE, IRNT plunge on earnings; TGT downgrade; T upgrade; MCD clawback