Intuit Inc’s recently made public that its EVP and CFO Aujla Sandeep unloaded Company’s shares for reported $0.47 million on Oct 03 ’24. In the deal valued at $601.31 per share,775 shares were sold. As a result of this transaction, Aujla Sandeep now holds 4,451 shares worth roughly $2.68 million.
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Then, SANDEEP AUJLA bought 775 shares, generating $466,015 in total proceeds.
Before that, FENNELL LAURA A sold 30,159 shares. Intuit Inc shares valued at $19,372,869 were divested by the EVP, People and Places at a price of $642.36 per share. As a result of the transaction, FENNELL LAURA A now holds 52,038 shares, worth roughly $31.35 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 -1.35% to $602.43. Over the last five days, the stock has lost -2.99%. Intuit Inc shares have fallen nearly -3.62% since the year began. Nevertheless, the stocks have risen 16.68% 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 $632.28, while 200 days put it at $631.33.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 598.58, which if violated will result in even more drops to 594.73. On the upside, there is a resistance level at 608.41. A further resistance level may holdings at 614.39. The Relative Strength Index (RSI) on the 14-day chart is 37.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.82%. Stochastics %K at 9.46% indicates the stock is a buying.
How much short interest is there in Intuit Inc?
A steep rise in short interest was recorded in Intuit Inc stocks on 2024-09-13, growing by 6185.0 shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.45 million shares. There was a rise of 0.18%, which implies that there is a positive 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.
