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A company insider recently sold 550 shares of Autodesk Inc. [ADSK]. Should You also Consider to Sale?

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In a filing, Autodesk Inc. revealed its Director MCDOWELL MARY T unloaded Company’s shares for reported $0.13 million on Jun 17 ’24. In the deal valued at $235.00 per share,550 shares were sold. As a result of this transaction, MCDOWELL MARY T now holds 31,566 shares worth roughly $7.65 million.

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Then, Blum Steven M sold 17,413 shares, generating $3,942,303 in total proceeds. Upon selling the shares at $226.40, the EVP, Chief Operating Officer now owns 54,136 shares.

Before that, MCDOWELL MARY T sold 1,100 shares. Autodesk Inc. shares valued at $248,831 were divested by the Director at a price of $226.21 per share. As a result of the transaction, MCDOWELL MARY T now holds 32,116 shares, worth roughly $7.78 million.

Berenberg downgraded its Autodesk Inc. [ADSK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late November from “an Overweight” to “a Neutral”. HSBC Securities began covering ADSK with “Hold” recommendation on September 29, 2023. BMO Capital Markets started covering the stock on May 24, 2023. It rated ADSK as “a Market perform”.

Price Performance Review of ADSK

On Friday, Autodesk Inc. [NASDAQ:ADSK] saw its stock fall -0.49% to $242.31. Over the last five days, the stock has gained 8.61%. Autodesk Inc. shares have fallen nearly -0.48% since the year began. Nevertheless, the stocks have risen 16.51% over the past one year. While a 52-week high of $279.53 was reached on 03/01/24, a 52-week low of $192.01 was recorded on 05/31/24. SMA at 50 days reached $219.18, while 200 days put it at $228.88. A total of 5.68 million shares were traded, compared to the trading of 2.76 million shares in the previous session.

Levels Of Support And Resistance For ADSK Stock

The 24-hour chart illustrates a support level at 238.53, which if violated will result in even more drops to 234.75. On the upside, there is a resistance level at 245.21. A further resistance level may holdings at 248.10. The Relative Strength Index (RSI) on the 14-day chart is 69.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.60%. Stochastics %K at 94.59% indicates the stock is a selling.

The most recent change occurred on April 17, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.

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