Autodesk shares are trading lower after the company announced that it will not file its Annual Report on Form 10-K for the year ended January 31, 2024 within the 15-day extension period. The company provided an update on the previously reported internal investigation that is currently being conducted by the Audit Committee.
Portfolio Pulse from Benzinga Newsdesk
Autodesk shares are trading lower following an update on an ongoing internal investigation by the Audit Committee.

April 16, 2024 | 8:33 pm
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NEGATIVE IMPACT
Autodesk's stock price is experiencing a downturn due to the update on the internal investigation.
The news of an ongoing internal investigation typically raises concerns among investors regarding potential undisclosed issues within the company, leading to a decrease in stock price due to increased uncertainty and risk perception.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100