Shares of Autodesk (ADSK) Sees Large Inflow of Net Money Flow

Autodesk (ADSK) : $17.89 million worth of transactions were on upticks in Autodesk (ADSK), compared to $11.49 million on downticks. The ratio between the two was 1.56, whereas, the net money flow stood at a healthy $6.4 million on Wednesdays session.The block trades show a bullish bias with only $3.85 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $10.23million worth of trades. The up-down ratio between the uptick and downtick was 2.66, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $6.38 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.06%. The stock was trading at $71.86, with a drop of $0.04 over the previous days close. The stock recorded 0.27% for the week.


Shares of Autodesk, Inc. rose by 1.34% in the last five trading days and 6.34% for the last 4 weeks. Autodesk, Inc. is up 36.51% in the last 3-month period. Year-to-Date the stock performance stands at 19.24%.

Autodesk (ADSK) : 14 analysts are covering Autodesk (ADSK) and their average rating on the stock is 2.36, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Autodesk (NASDAQ:ADSK): The stock opened at $72.2 and touched an intraday high of $72.69 on Wednesday. During the day, the stock corrected to an intraday low of $71.55, however, the bulls stepped in and pushed the price higher to close in the green at $72.65 with a gain of 1.04% for the day. The total traded volume for the day was 1,797,111. The stock had closed at $71.9 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.