Autodesk (ADSK) has been under a strong bear grip, hence the stock is down -1.99% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.6% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.15% in the last 1 week, and is up 2.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 1.83%.
Autodesk (NASDAQ:ADSK): The stock opened at $58.40 on Friday but the bulls could not build on the opening and the stock topped out at $58.44 for the day. The stock traded down to $57.44 during the day, due to lack of any buying support eventually closed down at $57.98 with a loss of -0.31% for the day. The stock had closed at $58.16 on the previous day. The total traded volume was 1,325,089 shares.
The company Insiders own 6.2% of Autodesk shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.89% . Institutional Investors own 97.08% of Autodesk shares. During last six month period, the net percent change held by insiders has seen a change of -18.58%. In a related news,The director officer (Chief Executive Officer) of Autodesk Inc, Bass Carl sold 26,209 shares at $56 on July 12, 2016. The Insider selling transaction had a total value worth of $1,467,704. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.