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Autodesk Inc [ADSK] Investment Appeal on the Rise

In a filing, Autodesk Inc revealed its Director MCDOWELL MARY T unloaded Company’s shares for reported $0.17 million on Nov 15 ’24. In the deal valued at $305.06 per share,550 shares were sold. As a result of this transaction, MCDOWELL MARY T now holds 30,249 shares worth roughly $9.66 million.

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Then, MARY THERESE MCDOWELL bought 550 shares, generating $167,783 in total proceeds.

Before that, MCDOWELL MARY T sold 550 shares. Autodesk Inc shares valued at $156,920 were divested by the Director at a price of $285.31 per share. As a result of the transaction, MCDOWELL MARY T now holds 30,799 shares, worth roughly $9.84 million.

Scotiabank initiated its Autodesk Inc [ADSK] rating to a Sector outperform in a research note published on November 19, 2024; the price target was $360. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. DA Davidson began covering ADSK with “Neutral” recommendation on September 27, 2024. HSBC Securities revised its rating on September 03, 2024. It rated ADSK as “a Buy” which previously was an “a Hold”.

Price Performance Review of ADSK

On Monday, Autodesk Inc [NASDAQ:ADSK] saw its stock fall -0.59% to $319.39. Over the last five days, the stock has gained 5.74%. Autodesk Inc shares have risen nearly 31.18% since the year began. Nevertheless, the stocks have risen 57.01% over the past one year. While a 52-week high of $321.90 was reached on 11/25/24, a 52-week low of $195.32 was recorded on 05/31/24. SMA at 50 days reached $287.48, while 200 days put it at $252.30.

Levels Of Support And Resistance For ADSK Stock

The 24-hour chart illustrates a support level at 316.51, which if violated will result in even more drops to 313.64. On the upside, there is a resistance level at 324.44. A further resistance level may holdings at 329.50. The Relative Strength Index (RSI) on the 14-day chart is 68.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.41%. Stochastics %K at 89.15% 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 2024-10-31, dropping by 24354.0 shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.46 million shares. There was a decline of -1.0%, which implies that there is a negative sentiment for the stock.

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