Autodesk Inc’s recent filing unveils that its Director MCDOWELL MARY T unloaded Company’s shares for reported $0.16 million on Oct 15 ’24. In the deal valued at $285.31 per share,550 shares were sold. As a result of this transaction, MCDOWELL MARY T now holds 30,799 shares worth roughly $9.67 million.
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Then, MARY THERESE MCDOWELL bought 550 shares, generating $156,920 in total proceeds.
Before that, Hope Stephen W. bought 54 shares. Autodesk Inc shares valued at $8,834 were divested by the SVP & Chief Accounting Officer at a price of $163.59 per share. As a result of the transaction, Hope Stephen W. now holds 4,933 shares, worth roughly $1.55 million.
Wells Fargo initiated its Autodesk Inc [ADSK] rating to an Overweight in a research note published on October 16, 2024; the price target was $340. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. HSBC Securities also remained covering ADSK and has increased its forecast on September 03, 2024 with a “Buy” recommendation from previously “Hold” rating. Goldman revised its rating on September 03, 2024. It rated ADSK as “a Neutral” which previously was an “a Sell”.
Price Performance Review of ADSK
On Monday, Autodesk Inc [NASDAQ:ADSK] saw its stock jump 2.73% to $313.89. Over the last five days, the stock has gained 9.13%. Autodesk Inc shares have risen nearly 28.92% since the year began. Nevertheless, the stocks have risen 53.36% over the past one year. While a 52-week high of $307.17 was reached on 11/11/24, a 52-week low of $195.32 was recorded on 05/31/24. SMA at 50 days reached $277.06, while 200 days put it at $249.67.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 307.45, which if violated will result in even more drops to 301.02. On the upside, there is a resistance level at 317.51. A further resistance level may holdings at 321.14. The Relative Strength Index (RSI) on the 14-day chart is 80.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.45%. Stochastics %K at 96.11% indicates the stock is a selling.
How much short interest is there in Autodesk Inc?
A steep rise in short interest was recorded in Autodesk Inc stocks on 2024-10-15, dropping by -0.85 million shares to a total of 2.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.34 million shares. There was a decline of -34.36%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 30, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $287.
