Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuit Inc shares valued at $16,198,687 were sold by COOK SCOTT D on Jun 12 ’24. At $593.16 per share, COOK SCOTT D sold 27,309 shares. The insider’s holdings dropped to 6,524,412 shares worth approximately $4.25 billion following the completion of this transaction.
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Also, COOK SCOTT D sold 75,000 shares, netting a total of over 42,491,749 in proceeds. Following the sale of shares at $566.56 each, the insider now holds 6,551,721 shares.
Before that, COOK SCOTT D had sold 75,000 shares from its account. In a trade valued at $42,581,163, the Founder traded Intuit Inc shares for $567.75 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $4.32 billion.
As published in a research note from Jefferies on June 13, 2024, Intuit Inc [INTU] has been retained to a Buy and the price target has been revised to $770. Analysts at Susquehanna started covering the stock with ‘”a Positive”‘ outlook in a report released in mid December. As of September 29, 2023, HSBC Securities has initiated its “Hold” rating for INTU. Earlier on July 19, 2023, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for INTU stock which previously was a “an Underperform”.
Analyzing INTU Stock Performance
During the last five days, there has been a surge of approximately 5.74%. Over the course of the year, Intuit Inc shares have jumped approximately 4.23%. Shares of the company reached a 52-week high of $676.62 on 05/23/24 and a 52-week low of $557.29 on 05/31/24. A 50-day SMA is recorded $617.67, while a 200-day SMA reached $597.13. Nevertheless, trading volume fell to 1.48 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Intuit Inc (INTU)
According to the 24-hour chart, there is a support level at 638.91, which, if violated, would cause prices to drop to 626.39. In the upper region, resistance lies at 660.56. The next price resistance is at 669.69. RSI (Relative Strength Index) is 66.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 33.08, which suggests the price will increase in the coming days. Percent R is at 6.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
