Autodesk Inc’s filing revealed that its Director NORRINGTON LORRIE M unloaded Company’s shares for reported $0.54 million on Dec 11 ’24. In the deal valued at $305.37 per share,1,778 shares were sold. As a result of this transaction, NORRINGTON LORRIE M now holds 9,981 shares worth roughly $2.94 million.
Then, LORRIE NORRINGTON bought 1,778 shares, generating $542,948 in total proceeds.
Before that, NORRINGTON LORRIE M sold 1,778 shares. Autodesk Inc shares valued at $543,926 were divested by the Director at a price of $305.92 per share. As a result of the transaction, NORRINGTON LORRIE M now holds 11,759 shares, worth roughly $3.46 million.
Macquarie initiated its Autodesk Inc [ADSK] rating to an Outperform in a research note published on December 12, 2024; the price target was $380. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. HSBC Securities also remained covering ADSK and has decreased its forecast on November 29, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets maintained its rating on November 27, 2024. It rated ADSK as “a Market perform”.
Price Performance Review of ADSK
On Friday, Autodesk Inc [NASDAQ:ADSK] saw its stock jump 0.25% to $294.06. Over the last five days, the stock has lost -2.07%. Autodesk Inc shares have fallen nearly -0.51% since the year began. Nevertheless, the stocks have risen 29.43% over the past one year. While a 52-week high of $326.62 was reached on 01/02/25, a 52-week low of $195.32 was recorded on 01/02/25. SMA at 50 days reached $300.31, while 200 days put it at $257.96.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 292.03, which if violated will result in even more drops to 290.01. On the upside, there is a resistance level at 296.54. A further resistance level may holdings at 299.03. The Relative Strength Index (RSI) on the 14-day chart is 43.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.15%. Stochastics %K at 27.09% 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 November 19, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $360 price target.
