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 $8,834 were purchased by Hope Stephen W. on Sep 30 ’24. At $163.59 per share, Hope Stephen W. acquired 54 shares. The insider’s holdings grew to 4,933 shares worth approximately $1.37 million following the completion of this transaction.
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Also, Hope Stephen W. sold 54 shares, netting a total of over 14,829 in proceeds. Following the sale of shares at $274.61 each, the insider now holds 4,879 shares.
Before that, STEPHEN HOPE had added 54 shares to its account. In a trade valued at $14,829, the Officer bought Autodesk Inc. shares for $274.61 each.
As published in their initiating research note from DA Davidson on September 27, 2024, Autodesk Inc. [ADSK] has been a Neutral and the price target has been revised to $260. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of September 03, 2024, Goldman has increased its “Sell” rating to a “Neutral” for ADSK. Earlier on August 30, 2024, BMO Capital Markets resumed 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 3.40%. Over the course of the year, Autodesk Inc. shares have jumped approximately 14.06%. 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 $257.31, while a 200-day SMA reached $244.25. Nevertheless, trading volume fell to 0.85 million shares from 0.78 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 275.84, which, if violated, would cause prices to drop to 273.96. In the upper region, resistance lies at 278.75. The next price resistance is at 279.78. RSI (Relative Strength Index) is 63.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.05, which suggests the price will increase in the coming days. Percent R is at 1.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
