The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Autodesk Inc. shares valued at $136,499 were sold by MCDOWELL MARY T on Aug 15 ’24. At $248.18 per share, MCDOWELL MARY T sold 550 shares. The insider’s holdings dropped to 31,899 shares worth approximately $7.98 million following the completion of this transaction.
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Also, MARY THERESE MCDOWELL purchased 550 shares, netting a total of over 136,499 in proceeds.
Before that, MCDOWELL MARY T had sold 550 shares from its account. In a trade valued at $139,332, the Director traded Autodesk Inc. shares for $253.33 each. Upon closing the transaction, the insider’s holdings decreased to 550 shares, worth approximately $7.76 million.
As published in a research note from Berenberg on May 01, 2024, Autodesk Inc. [ADSK] has been rated down from a Buy to a Hold and the price target has been revised to $295. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of September 29, 2023, HSBC Securities has initiated its “Hold” rating for ADSK. Earlier on May 24, 2023, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for ADSK stock.
Analyzing ADSK Stock Performance
During the last five days, there has been a surge of approximately 4.56%. Over the course of the year, Autodesk Inc. shares have jumped approximately 2.76%. Shares of the company reached a 52-week high of $279.53 on 03/01/24 and a 52-week low of $195.32 on 05/31/24. A 50-day SMA is recorded $239.63, while a 200-day SMA reached $235.52. Nevertheless, trading volume fell to 0.93 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Autodesk Inc. (ADSK)
According to the 24-hour chart, there is a support level at 248.12, which, if violated, would cause prices to drop to 246.03. In the upper region, resistance lies at 251.40. The next price resistance is at 252.59. RSI (Relative Strength Index) is 59.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.05, which suggests the price will increase in the coming days. Percent R is at 1.93%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
