US Stock Market Move | Autodesk, Inc. (ADSK.US) rebounds more than 5% after falling nearly 11% in the previous three trading days.

On Monday, Autodesk, Inc. (ADSK.US) rebounded more than 5%, after its stock price fell by nearly 11% over the past three trading days, now trading at $294.60. On the news front, the company expressed confidence in its strategic priorities in cloud platform and artificial intelligence business. Autodesk, Inc. said that with the growth of free cash flow, the company will allocate funds to organic investments, targeted acquisitions, and continue to implement stock buyback plans. In addition, according to sources, Autodesk, Inc. has decided to shelve the cash and stock acquisition plan for PTC Inc. (PTC.US), which, if completed, could have been one of the largest mergers in the global software industry this year.