Intuit Inc’s recently made public that its EVP and CFO Aujla Sandeep unloaded Company’s shares for reported $0.69 million on Jul 03 ’24. In the deal valued at $651.27 per share,1,061 shares were sold. As a result of this transaction, Aujla Sandeep now holds 3,333 shares worth roughly $2.01 million.
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Then, Notarainni Mark P. sold 466 shares, generating $303,492 in total proceeds. Upon selling the shares at $651.27, the EVP, Consumer Group now owns 554 shares.
Before that, Notarainni Mark P. sold 965 shares. Intuit Inc shares valued at $628,215 were divested by the EVP, Consumer Group at a price of $651.00 per share. As a result of the transaction, Notarainni Mark P. now holds 1,020 shares, worth roughly $0.62 million.
RBC Capital Mkts initiated its Intuit Inc [INTU] rating to an Outperform in a research note published on July 03, 2024; the price target was $760. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in mid June has reiterated a ‘”a Buy”‘ rating for it. Susquehanna began covering INTU with “Positive” recommendation on December 15, 2023. HSBC Securities started covering the stock on September 29, 2023. It rated INTU as “a Hold”.
Price Performance Review of INTU
On Monday, Intuit Inc [NASDAQ:INTU] saw its stock fall -3.36% to $602.97. Over the last five days, the stock has lost -5.25%. Intuit Inc shares have fallen nearly -3.53% since the year began. Nevertheless, the stocks have risen 21.33% over the past one year. While a 52-week high of $676.62 was reached on 05/23/24, a 52-week low of $473.56 was recorded on 05/31/24. SMA at 50 days reached $621.95, while 200 days put it at $612.27. A total of 1.75 million shares were traded, compared to the trading of 1.79 million shares in the previous session.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 595.20, which if violated will result in even more drops to 587.44. On the upside, there is a resistance level at 612.75. A further resistance level may holdings at 622.54. The Relative Strength Index (RSI) on the 14-day chart is 37.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.68%. Stochastics%K at 22.80% indicates the stock is a holding.
