US stock anomaly | Autodesk (ADSK.US) rebounds over 5% after falling nearly 11% in the previous 3 trading days.

According to the China Securities App, on Monday, Autodesk (ADSK.US) rebounded by over 5%, after the stock price had dropped nearly 11% over the previous three trading days, now trading at $294.60. On the news front, the company expressed confidence in its strategic priorities in cloud platforms and artificial intelligence business. Autodesk stated 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 has decided to shelve its cash and stock acquisition plan for PTC Inc. (PTC.US), which if completed originally could have been one of the largest mergers in the global software industry this year.