Autodesk is a global leader in design software that provides tools and solutions to professionals in various industries, including architecture, engineering, construction, manufacturing, and media. The company specializes in creating software that enables users to design, visualize, and simulate their ideas, enhancing productivity and collaboration throughout the design process. Autodesk's flagship products include AutoCAD, Revit, and Maya, which help users translate creative concepts into detailed plans and 3D models. Committed to innovation, Autodesk also focuses on cloud-based solutions and sustainability, empowering users to tackle complex challenges and improve operational efficiency in their projects. Read More
AUTODESK INC (NASDAQ:ADSK) offers strong growth potential with reasonable valuation, solid profitability, and manageable debt, making it an attractive candidate for growth investors.
Autodesk Inc. (NASDAQ: ADSK) shares are trading higher Monday after the company officially announced it will no longer pursue an acquisition of PTC Inc.
Shares of engineering and design software provider PTC (NASDAQ:PTC) fell 5.4% in the morning session after a report revealed that fellow software firm Autodesk (ADSK) would no longer pursue an acquisition of the company.
Shares of design software company Autodesk (NASDAQ:ADSK)
jumped 4.9% in the morning session after the company stated its confidence in its strategic plan to drive long-term shareholder value while calling off the proposed acquisition of PTC.
Let's have a look at what is happening on the US markets in the middle of the day on Monday. Below you can find the top S&P500 gainers and losers in today's session.
Before the US market kicks off on Monday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.
Top performers last week: Venture Global up 18.96% on LNG deal, SoFi up 14.29% on analyst coverage, Delta up 11.91% on earnings, Unity up 9.17% on price forecast, Moderna up 10.66% on FDA approval, PTC up 10.06% on acquisition rumors.
