Autodesk Inc. (NASDAQ:ADSK) shares are trading higher Monday after the company officially announced it will no longer pursue the acquisition of PTC Inc.
What To Know: The move comes after weeks of speculation following reports that Autodesk was considering a major cash-and-stock deal for the industrial software firm. Investors reacted positively to the decision, reversing some of the pressure that had weighed on Autodesk stock since the initial reports surfaced.
