Autodesk Surges to 87th in Trading Volume with $1.343 Billion Turnover Despite Stock Decline
Volume AlertsFriday, May 30, 2025 8:50 pm ET
1min readOn May 30, 2025,
(ADSK) saw a significant increase in trading volume, with a turnover of $1.343 billion, marking a 261.42% rise from the previous day. This surge placed Autodesk at the 87th position in terms of trading volume for the day. However, the stock price experienced a slight decline, falling by 0.30% and marking the third consecutive day of losses, with a total decrease of 1.41% over the past three days.In the first quarter of 2025, Autodesk reported revenue of $1.63 billion, reflecting a 15.2% year-over-year increase. Despite this growth, the company fell short of market expectations for revenue, which may have contributed to the recent decline in stock price.
Wells Fargo & Company recently adjusted its target price for Autodesk, raising it from $345.00 to $360.00 and maintaining an "overweight" rating for the stock. This adjustment suggests a positive outlook for the company's future performance, despite the recent stock price fluctuations.
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