Intuit Inc’s recent filing unveils that its EVP, Chief Technology Officer Balazs Alex G. unloaded Company’s shares for reported $1.85 million on Sep 10 ’24. In the deal valued at $628.76 per share,2,941 shares were sold. As a result of this transaction, Balazs Alex G. now holds 20 shares worth roughly $12925.0.
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Then, Balazs Alex G. bought 2,941 shares, generating $1,849,194 in total proceeds.
Before that, Aujla Sandeep sold 862 shares. Intuit Inc shares valued at $535,328 were divested by the EVP and CFO at a price of $621.03 per share. As a result of the transaction, Aujla Sandeep now holds 3,840 shares, worth roughly $2.48 million.
BMO Capital Markets reiterated its Intuit Inc [INTU] rating to an Outperform in a research note published on August 23, 2024; the price target was $760. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal-weight”. RBC Capital Mkts began covering INTU with “an Outperform” recommendation on July 03, 2024. Jefferies maintained its rating on June 13, 2024. It rated INTU as “a Buy”.
Price Performance Review of INTU
On Monday, Intuit Inc [NASDAQ:INTU] saw its stock fall -1.38% to $646.25. Over the last five days, the stock has gained 3.07%. Intuit Inc shares have risen nearly 3.40% since the year began. Nevertheless, the stocks have risen 18.01% 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 $636.95, while 200 days put it at $628.42.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 641.12, which if violated will result in even more drops to 635.98. On the upside, there is a resistance level at 653.70. A further resistance level may holdings at 661.14. The Relative Strength Index (RSI) on the 14-day chart is 54.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.77%. Stochastics %K at 77.13% 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 2024-08-30, dropping by -0.24 million shares to a total of 3.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.4 million shares. There was a decline of -7.49%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $700 price target.
