Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuit Inc shares valued at $50,059,171 were purchased by SCOTT D. COOK & HELEN SIGNE OS on Sep 17 ’24. At $646.25 per share, SCOTT D. COOK & HELEN SIGNE OS acquired 77,461 shares.
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Also, Balazs Alex G. sold 2,941 shares, netting a total of over 1,849,469 in proceeds. Following the sale of shares at $628.76 each, the insider now holds 20 shares.
Before that, Balazs Alex G. had added 2,941 shares to its account. In a trade valued at $1,849,194, the Officer bought Intuit Inc shares for $628.76 each.
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 drop of approximately -1.68%. Over the course of the year, Intuit Inc shares have jumped approximately 1.29%. 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 $636.31, while a 200-day SMA reached $629.07. Nevertheless, trading volume fell to 1.0 million shares from 0.93 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 628.07, which, if violated, would cause prices to drop to 623.07. In the upper region, resistance lies at 642.10. The next price resistance is at 651.13. RSI (Relative Strength Index) is 48.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.96, which suggests the price will increase in the coming days. Percent R is at 56.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
