Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Autodesk Inc. shares valued at $146,025 were sold by MCDOWELL MARY T on Sep 16 ’24. At $265.50 per share, MCDOWELL MARY T sold 550 shares. The insider’s holdings dropped to 31,349 shares worth approximately $8.28 million following the completion of this transaction.
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Also, MARY THERESE MCDOWELL purchased 550 shares, netting a total of over 146,025 in proceeds.
Before that, Blum Steven M had sold 17,344 shares from its account. In a trade valued at $4,682,880, the EVP, Chief Operating Officer traded Autodesk Inc. shares for $270.00 each. Upon closing the transaction, the insider’s holdings decreased to 17,344 shares, worth approximately $4.52 million.
As published in a research note from HSBC Securities on September 03, 2024, Autodesk Inc. [ADSK] has been rated up from a Hold to a Buy and the price target has been revised to $299 from $242. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of August 30, 2024, BMO Capital Markets has reiterated its “Market perform” rating for ADSK.
Analyzing ADSK Stock Performance
During the last five days, there has been a surge of approximately 2.02%. Over the course of the year, Autodesk Inc. shares have jumped approximately 8.51%. 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 $249.33, while a 200-day SMA reached $241.09. Nevertheless, trading volume fell to 1.16 million shares from 0.95 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 262.53, which, if violated, would cause prices to drop to 260.85. In the upper region, resistance lies at 266.93. The next price resistance is at 269.65. RSI (Relative Strength Index) is 63.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.21, which suggests the price will increase in the coming days. Percent R is at 44.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.