In a filing, Intuit Inc revealed its EVP, Chief Technology Officer Balazs Alex G. unloaded Company’s shares for reported $0.18 million on Mar 20 ’24. In the deal valued at $636.38 per share,280 shares were sold. As a result of this transaction, Balazs Alex G. now holds 0 shares worth roughly $0.0.
Then, McLean Kerry J sold 3,692 shares, generating $2,450,892 in total proceeds. Upon selling the shares at $663.84, the EVP, Gen. Counsel & Corp.Sec. now owns 22,948 shares.
Before that, Hotz Lauren D sold 745 shares. Intuit Inc shares valued at $488,072 were divested by the SVP, Chief Accounting Officer at a price of $655.13 per share. As a result of the transaction, Hotz Lauren D now holds 3,180 shares, worth roughly $2.05 million.
Susquehanna initiated its Intuit Inc [INTU] rating to a Positive in a research note published on December 15, 2023; the price target was $700. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late September with a ‘”a Hold”‘ rating. Exane BNP Paribas also remained covering INTU and has increased its forecast on July 19, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Atlantic Equities started covering the stock on April 24, 2023. It rated INTU as “an Overweight”.
Price Performance Review of INTU
On Monday, Intuit Inc [NASDAQ:INTU] saw its stock jump 1.50% to $645.28. Over the last five days, the stock has gained 0.85%. Intuit Inc shares have risen nearly 3.24% since the year began. Nevertheless, the stocks have risen 46.94% over the past one year. While a 52-week high of $671.01 was reached on 03/04/24, a 52-week low of $400.22 was recorded on 01/04/24. SMA at 50 days reached $646.90, while 200 days put it at $562.75. A total of 1.02 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 639.11, which if violated will result in even more drops to 632.94. On the upside, there is a resistance level at 649.42. A further resistance level may holdings at 653.56. The Relative Strength Index (RSI) on the 14-day chart is 52.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.68%. Stochastics %K at 35.50% indicates the stock is a holding.
How much short interest is there in Intuit Inc?
A steep rise in short interest was recorded in Intuit Inc stocks on Mar 15, 2024, growing by 0.38 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.39 million shares. There was a rise of 10.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.79.
The most recent change occurred on March 16, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $430 price target.
