Shares of Autodesk (ADSK) Sees Large Outflow of Money

Autodesk (ADSK) : The total negative money flow of $3.75 million on Thursday indicates selling on strength. The inflow of money on upticks was $18.02 million, compared to $21.77 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.83. The negative money flow of $4.49 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.27 million in a block trade.The transaction value of block trade on downtick was $6.76 million. The uptick to downtick ratio was 0.34. The price action in the Autodesk (ADSK) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $58.16 with a gain of $1.29 , a change of 2.27% over the previous days close. The stock registered 5.48% for the week.


The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 2.07%. Shares have rallied 5.02% 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 $56.37 and the 200 Day Moving Average price is recorded at $55.28.

Autodesk (NASDAQ:ADSK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.57 and $56.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.16, notching a gain of 2.27% for the day. The total traded volume was 1,840,717 . The stock had closed at $56.87 on the previous day.

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.

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