Autodesk Inc.’s recently made public that its Director MCDOWELL MARY T unloaded Company’s shares for reported $0.15 million on Sep 16 ’24. In the deal valued at $265.50 per share,550 shares were sold. As a result of this transaction, MCDOWELL MARY T now holds 31,349 shares worth roughly $8.39 million.
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Then, MARY THERESE MCDOWELL bought 550 shares, generating $146,025 in total proceeds.
Before that, Blum Steven M sold 17,344 shares. Autodesk Inc. shares valued at $4,682,880 were divested by the EVP, Chief Operating Officer at a price of $270.00 per share. As a result of the transaction, Blum Steven M now holds 17,099 shares, worth roughly $4.58 million.
HSBC Securities upgraded its Autodesk Inc. [ADSK] rating to a Buy from a a Hold in a research note published on September 03, 2024; the price target was increased to $299 from $242. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early September from “a Sell” to “a Neutral”. BMO Capital Markets also remained covering ADSK and reiterated its “Market perform” recommendation on August 30, 2024.
Price Performance Review of ADSK
On Monday, Autodesk Inc. [NASDAQ:ADSK] saw its stock jump 1.43% to $267.73. Over the last five days, the stock has gained 4.72%. Autodesk Inc. shares have risen nearly 9.96% since the year began. Nevertheless, the stocks have risen 23.57% 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 $248.55, while 200 days put it at $240.59.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 265.49, which if violated will result in even more drops to 263.24. On the upside, there is a resistance level at 269.49. A further resistance level may holdings at 271.24. The Relative Strength Index (RSI) on the 14-day chart is 69.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.49%. Stochastics %K at 54.12% indicates the stock is a holding.
How much short interest is there in Autodesk Inc.?
A steep rise in short interest was recorded in Autodesk Inc. stocks on 2024-08-30, growing by 0.38 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.19 million shares. There was a rise of 10.72%, which implies that there is a positive sentiment for the stock.
