The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Autodesk Inc shares valued at $542,948 were sold by NORRINGTON LORRIE M on Dec 11 ’24. At $305.37 per share, NORRINGTON LORRIE M sold 1,778 shares. The insider’s holdings dropped to 9,981 shares worth approximately $2.93 million following the completion of this transaction.
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Also, LORRIE NORRINGTON purchased 1,778 shares, netting a total of over 542,948 in proceeds.
Before that, NORRINGTON LORRIE M had sold 1,778 shares from its account. In a trade valued at $543,926, the Director traded Autodesk Inc shares for $305.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,778 shares, worth approximately $3.45 million.
As published in their initiating research note from Macquarie on December 12, 2024, Autodesk Inc [ADSK] has been an Outperform and the price target has been revised to $380. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 29, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for ADSK. Earlier on November 27, 2024, BMO Capital Markets resumed its rating. Their recommendation was “a Market perform” for ADSK stock.
Analyzing ADSK Stock Performance
During the last five days, there has been a drop of approximately -5.08%. Over the course of the year, Autodesk Inc shares have jumped approximately 20.60%. 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 $298.45, while a 200-day SMA reached $256.14. Nevertheless, trading volume fell to 1.37 million shares from 1.78 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 290.44, which, if violated, would cause prices to drop to 287.25. In the upper region, resistance lies at 297.32. The next price resistance is at 301.01. RSI (Relative Strength Index) is 42.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.43, which suggests the price will decrease in the coming days. Percent R is at 86.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
