Autodesk (ADSK) has seen both highs and lows in the market, while also under significant scrutiny. The stock
saw an upturn of 6% as concerns around its accounting methods were settled following an
internal audit. Amidst this,
CFO of Autodesk was replaced after uncertainty surrounding Earnings and Filing Delays. Several law firms have initiated a class action lawsuit against Autodesk, invoking shareholder alert. Multiple investment advisory firms including
Steward Partners,
Bank of Nova Scotia, and
TD Asset Management Inc revised their stakes in the company. Furthermore, Autodesk acquired
Wonder Dynamics, an AI-driven firm specializing in 3D Animation and VFX, aiming to diversify its product portfolio. The share price of the company faced a minor bump as an analyst from Baird flagged the proxy of a 'mixed' quarter. Meanwhile, Autodesk is awaiting the release of their Q1 earnings amidst high anticipation from the Wall Street. Despite the controversy, Autodesk remains a top-ranked growth stock. The latest indication is of a negative short interest in Autodesk's stock, showing signs of bearish sentiment from investors.
Autodesk ADSK News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sun, 02 Jun 2024 14:52:00 GMT -
Rating 2
- Innovation 0
- Information 5
- Rumor -6
