Autodesk Pick of the Week at Smart Insider Following Chairman's First Share Purchase
MT Newswires Live
Jun 09
Autodesk (ADSK) was Smart Insider's stock pick of the week after Chair Stacy Smith purchased $794,000 of stock at $231.17 per share on May 29, increasing his holding by 15%.
Smith, who has served as chair since June 2018 and joined the board in 2011, made his first share purchase, Smart Insider said in a Thursday note, adding that the purchase is "unusual" for a "long-serving insider."
The transaction also reversed a pattern of sales, most recently a $1.8 million sale at $244 per share in January 2024, according to Smart Insider.
Smart Insider ranked Autodesk +1, indicating a strong positive signal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.