Autodesk Inc’s filing revealed that its Director NORRINGTON LORRIE M unloaded Company’s shares for reported $0.54 million on Dec 06 ’24. In the deal valued at $305.92 per share,1,778 shares were sold. As a result of this transaction, NORRINGTON LORRIE M now holds 11,759 shares worth roughly $3.63 million.
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Then, LORRIE NORRINGTON bought 1,778 shares, generating $543,926 in total proceeds.
Before that, MCDOWELL MARY T sold 550 shares. Autodesk Inc shares valued at $167,783 were divested by the Director at a price of $305.06 per share. As a result of the transaction, MCDOWELL MARY T now holds 30,249 shares, worth roughly $9.33 million.
UBS initiated its Autodesk Inc [ADSK] rating to a Buy in a research note published on December 02, 2024; the price target was $350. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Hold”. BMO Capital Markets also remained covering ADSK and reiterated its “Market perform” recommendation on November 27, 2024. Scotiabank started covering the stock on November 19, 2024. It rated ADSK as “a Sector outperform”.
Price Performance Review of ADSK
On Monday, Autodesk Inc [NASDAQ:ADSK] saw its stock jump 0.27% to $308.55. Over the last five days, the stock has gained 4.01%. Autodesk Inc shares have risen nearly 26.72% since the year began. Nevertheless, the stocks have risen 37.84% over the past one year. While a 52-week high of $326.62 was reached on 11/25/24, a 52-week low of $195.32 was recorded on 05/31/24. SMA at 50 days reached $293.52, while 200 days put it at $254.30.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 305.68, which if violated will result in even more drops to 302.80. On the upside, there is a resistance level at 311.47. A further resistance level may holdings at 314.38. The Relative Strength Index (RSI) on the 14-day chart is 56.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.07%. Stochastics %K at 48.19% indicates the stock is a holding.
How much short interest is there in Autodesk Inc?
A steep rise in short interest was recorded in Autodesk Inc stocks on 2024-11-15, growing by 8490.0 shares to a total of 2.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.48 million shares. There was a rise of 0.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 16, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $340 price target.
