Intuit Inc’s recently made public that its Founder COOK SCOTT D unloaded Company’s shares for reported $16.2 million on Jun 12 ’24. In the deal valued at $593.16 per share,27,309 shares were sold. As a result of this transaction, COOK SCOTT D now holds 6,524,412 shares worth roughly $4.07 billion.
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Then, COOK SCOTT D sold 75,000 shares, generating $42,491,749 in total proceeds. Upon selling the shares at $566.56, the Founder now owns 6,551,721 shares.
Before that, COOK SCOTT D sold 75,000 shares. Intuit Inc shares valued at $42,581,163 were divested by the Founder at a price of $567.75 per share. As a result of the transaction, COOK SCOTT D now holds 6,626,721 shares, worth roughly $4.13 billion.
Jefferies reiterated its Intuit Inc [INTU] rating to a Buy in a research note published on June 13, 2024; the price target was $770. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in mid December with a ‘”a Positive”‘ rating. HSBC Securities began covering INTU with “Hold” recommendation on September 29, 2023. Exane BNP Paribas revised its rating on July 19, 2023. It rated INTU as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of INTU
On Monday, Intuit Inc [NASDAQ:INTU] saw its stock fall -1.31% to $623.88. Over the last five days, the stock has gained 4.73%. Intuit Inc shares have fallen nearly -0.18% since the year began. Nevertheless, the stocks have risen 38.38% over the past one year. While a 52-week high of $676.62 was reached on 05/23/24, a 52-week low of $442.74 was recorded on 05/31/24. SMA at 50 days reached $616.18, while 200 days put it at $595.80. A total of 1.55 million shares were traded, compared to the trading of 3.68 million shares in the previous session.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 619.65, which if violated will result in even more drops to 615.43. On the upside, there is a resistance level at 630.91. A further resistance level may holdings at 637.95. The Relative Strength Index (RSI) on the 14-day chart is 57.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 31.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.95%. Stochastics %K at 93.57% indicates the stock is a selling.
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The most recent change occurred on April 24, 2023 when Atlantic Equities began covering the stock and recommended ‘”an Overweight”‘ rating along with a $530 price target.
