Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Autodesk Inc shares valued at $156,920 were sold by MCDOWELL MARY T on Oct 15 ’24. At $285.31 per share, MCDOWELL MARY T sold 550 shares. The insider’s holdings dropped to 30,799 shares worth approximately $9.41 million following the completion of this transaction.
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Also, MARY THERESE MCDOWELL purchased 550 shares, netting a total of over 156,920 in proceeds.
Before that, Hope Stephen W. had added 54 shares to its account. In a trade valued at $8,834, the SVP & Chief Accounting Officer bought Autodesk Inc shares for $163.59 each. Upon closing the transaction, the insider’s holdings increased to 54 shares, worth approximately $1.51 million.
As published in their initiating research note from Wells Fargo on October 16, 2024, Autodesk Inc [ADSK] has been an Overweight and the price target has been revised to $340. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in late September. As of September 03, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for ADSK. Earlier on September 03, 2024, Goldman upgraded its rating. Their new recommendation was “a Neutral” for ADSK stock which previously was a “a Sell”.
Analyzing ADSK Stock Performance
During the last five days, there has been a surge of approximately 7.65%. Over the course of the year, Autodesk Inc shares have jumped approximately 25.48%. Shares of the company reached a 52-week high of $306.23 on 11/07/24 and a 52-week low of $195.32 on 05/31/24. A 50-day SMA is recorded $275.01, while a 200-day SMA reached $249.09. Nevertheless, trading volume fell to 1.01 million shares from 2.26 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 302.30, which, if violated, would cause prices to drop to 299.09. In the upper region, resistance lies at 307.47. The next price resistance is at 309.44. RSI (Relative Strength Index) is 75.51 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.95, which suggests the price will increase in the coming days. Percent R is at 2.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
