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 $2,479,933 were purchased by Aujla Sandeep on Oct 10 ’24. At $619.98 per share, Aujla Sandeep acquired 4,000 shares.
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Also, Aujla Sandeep sold 775 shares, netting a total of over 466,015 in proceeds. Following the sale of shares at $601.31 each, the insider now holds 4,451 shares.
Before that, SANDEEP AUJLA had added 775 shares to its account. In a trade valued at $466,015, the Officer bought Intuit Inc shares for $601.31 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 surge of approximately 2.57%. Over the course of the year, Intuit Inc shares have dropped approximately -0.92%. 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 $630.98, while a 200-day SMA reached $631.30. Nevertheless, trading volume fell to 1.13 million shares from 1.18 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 616.37, which, if violated, would cause prices to drop to 613.44. In the upper region, resistance lies at 621.86. The next price resistance is at 624.42. RSI (Relative Strength Index) is 47.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.66, which suggests the price will decrease in the coming days. Percent R is at 60.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
