Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intuit Inc shares valued at $1,849,469 were sold by Balazs Alex G. on Sep 10 ’24. At $628.76 per share, Balazs Alex G. sold 2,941 shares. The insider’s holdings dropped to 20 shares worth approximately $12927.4 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Balazs Alex G. purchased 2,941 shares, netting a total of over 1,849,194 in proceeds.
Before that, Aujla Sandeep had sold 862 shares from its account. In a trade valued at $535,328, the EVP and CFO traded Intuit Inc shares for $621.03 each. Upon closing the transaction, the insider’s holdings decreased to 862 shares, worth approximately $2.48 million.
As published in a research note from BMO Capital Markets on August 23, 2024, Intuit Inc [INTU] has been retained to an Outperform and the price target has been revised to $760. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid August. As of July 03, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for INTU. Earlier on June 13, 2024, Jefferies resumed its rating. Their recommendation was “a Buy” for INTU stock.
Analyzing INTU Stock Performance
During the last five days, there has been a surge of approximately 4.00%. Over the course of the year, Intuit Inc shares have jumped approximately 3.41%. 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 $637.49, while a 200-day SMA reached $627.54. Nevertheless, trading volume fell to 1.18 million shares from 1.33 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 640.85, which, if violated, would cause prices to drop to 635.32. In the upper region, resistance lies at 649.39. The next price resistance is at 652.41. RSI (Relative Strength Index) is 56.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.96, which suggests the price will increase in the coming days. Percent R is at 27.48%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
