Autodesk (NASDAQ:ADSK) has been under a strong bear grip, hence the stock is down -3.41% 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 0.19% in the past 1 week. The stock has risen by 1.47% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.85% in the past 4 weeks.
The company shares have rallied 4.35% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $65.78 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $56.39 and the 200 Day Moving Average price is recorded at $55.37.
The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 3.87%.
Autodesk (NASDAQ:ADSK): stock turned positive on Friday. Though the stock opened at $53.9, the bulls momentum made the stock top out at $55.28 level for the day. The stock recorded a low of $53.73 and closed the trading day at $55.14, in the green by 3.01%. The total traded volume for the day was 1,285,500. The stock had closed at $53.53 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Norrington Lorrie M, director of Autodesk Inc, had unloaded 5,000 shares at an average price of $56 in a transaction dated on June 15, 2016. The total value of the transaction was worth $280,000.
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.