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 $167,783 were sold by MCDOWELL MARY T on Nov 15 ’24. At $305.06 per share, MCDOWELL MARY T sold 550 shares. The insider’s holdings dropped to 30,249 shares worth approximately $9.23 million following the completion of this transaction.
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Also, MARY THERESE MCDOWELL purchased 550 shares, netting a total of over 167,783 in proceeds.
Before that, MCDOWELL MARY T had sold 550 shares from its account. In a trade valued at $156,920, the Director traded Autodesk Inc shares for $285.31 each. Upon closing the transaction, the insider’s holdings decreased to 550 shares, worth approximately $9.4 million.
As published in their initiating research note from UBS on December 02, 2024, Autodesk Inc [ADSK] has been a Buy and the price target has been revised to $350. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late November. As of November 27, 2024, BMO Capital Markets has reiterated its “Market perform” rating for ADSK. Earlier on November 19, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for ADSK stock.
Analyzing ADSK Stock Performance
During the last five days, there has been a surge of approximately 5.00%. Over the course of the year, Autodesk Inc shares have jumped approximately 25.34%. Shares of the company reached a 52-week high of $326.62 on 11/25/24 and a 52-week low of $195.32 on 05/31/24. A 50-day SMA is recorded $292.10, while a 200-day SMA reached $253.79. Nevertheless, trading volume fell to 1.37 million shares from 74334.0 shares the previous day.
Support And Resistance Levels for Autodesk Inc (ADSK)
According to the 24-hour chart, there is a support level at 301.91, which, if violated, would cause prices to drop to 298.65. In the upper region, resistance lies at 307.84. The next price resistance is at 310.51. RSI (Relative Strength Index) is 53.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 57.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
