Autodesk Inc’s recently made public 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 $2.84 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 $3.35 million.
Piper Sandler upgraded its Autodesk Inc [ADSK] rating to an Overweight from a a Neutral in a research note published on January 08, 2025; the price target was increased to $357 from $311. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. UBS began covering ADSK with “Buy” recommendation on December 02, 2024. HSBC Securities revised its rating on November 29, 2024. It rated ADSK as “a Hold” which previously was an “a Buy”.
Price Performance Review of ADSK
On Monday, Autodesk Inc [NASDAQ:ADSK] saw its stock fall -0.05% to $284.82. Over the last five days, the stock has lost -3.14%. Autodesk Inc shares have fallen nearly -3.64% since the year began. Nevertheless, the stocks have risen 19.26% over the past one year. While a 52-week high of $326.62 was reached on 01/08/25, a 52-week low of $195.32 was recorded on 01/13/25. SMA at 50 days reached $300.62, while 200 days put it at $258.64.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 280.76, which if violated will result in even more drops to 276.69. On the upside, there is a resistance level at 287.96. A further resistance level may holdings at 291.10. The Relative Strength Index (RSI) on the 14-day chart is 36.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.24%. Stochastics %K at 25.34% 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 27, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $308.
