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The GARP strategy helps investors gain exposure to stocks that have solid prospects and are trading at a discount. GE, ADSK, ADBE and SFM are some such stocks.
PTC (PTC 1.21%) investors were treated to a flurry of excitement in July as, according to reports, its larger peer Autodesk (ADSK 0.78%) took a serious look at acquiring the company only to appear to back off any such large undertakings by issuing a regulatory filing stating it was "allocating capital to organic investment, targeted and tuck-in acquisitions." Is the fun over, or are there more surprises to come?
@ProsperTradingAcademy's Charles Moon turns to three names he sees making notable recoveries in their stock price. He talks about the "great upside" Okta Inc. (OKTA) holds, Eli Lilly's (LLY) "technical breakout," and Autodesk's (ADSK) path to reclaim its 52-week high.
In the closing of the recent trading day, Autodesk (ADSK) stood at $299.43, denoting a +1.45% move from the preceding trading day.
Autodesk (ADSK) reached $288.96 at the closing of the latest trading day, reflecting a -1.9% change compared to its last close.
Autodesk (ADSK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Major U.S. equities indexes were little changed at midday Monday, as investors weighed the possible impact of the latest tariff announcements from President Trump.
Autodesk Inc (NASDAQ:ADSK) shares gained almost 6% on Monday after the company signalled it has dropped its pursuit of acquiring PTC Inc (NASDAQ:PTC), a fellow engineering software firm valued at about $23 billion. In a filing with the Securities and Exchange Commission (SEC), Autodesk said it will be focused on its strategic priorities, indicating there will be no deal with PTC without mentioning the Boston-based firm by name.
Autodesk (ADSK) shares surged Monday following a report the company is no longer looking to purchase rival design software maker PTC (PTC).
Autodesk stock on Monday rebounded from a sharp sell-off after the design software firm ruled out a potential bid for industry peer PTC.