Previous close | 0.6200 |
Open | 0.8900 |
Bid | 0.2000 |
Ask | 0.6000 |
Strike | 200.00 |
Expiry date | 2024-07-19 |
Day's range | 0.3000 - 0.8900 |
Contract range | N/A |
Volume | |
Open interest | 304 |
Autodesk (ADSK) shares are climbing on reports that Starboard Value has a $500 million stake in the company. Yahoo Finance's Seana Smith and Madison Mills report more on the story and what it means for the future of Autodesk. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Starboard said it had "significant concerns" over Autodesk's operations, governance and accountability to investors. Its lawsuit, set to be filed in the Delaware Court of Chancery on Monday, will seek to delay the July 16 annual meeting and reopen the company's director nomination window. Autodesk's shares rose 4% in early trading.
A report says activist Starboard Value has a roughly $500 million stake in software maker Autodesk, Adobe extends gains from Friday, and earnings reports are expected this week from Lennar, CarMax, Kroger, and Accenture.