Intuit Inc’s recent filing unveils that its EVP and CFO Aujla Sandeep unloaded Company’s shares for reported $2.47 million on Oct 10 ’24. In the deal valued at $617.28 per share,4,000 shares were sold. As a result of this transaction, Aujla Sandeep now holds 452 shares worth roughly $0.32 million.
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Then, Aujla Sandeep bought 4,000 shares, generating $2,479,933 in total proceeds.
Before that, Aujla Sandeep sold 775 shares. Intuit Inc shares valued at $466,015 were divested by the EVP and CFO at a price of $601.31 per share. As a result of the transaction, Aujla Sandeep now holds 4,451 shares, worth roughly $3.1 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 jump 1.92% to $697.35. Over the last five days, the stock has gained 12.66%. Intuit Inc shares have risen nearly 11.57% since the year began. Nevertheless, the stocks have risen 35.53% over the past one year. While a 52-week high of $688.88 was reached on 11/11/24, a 52-week low of $513.97 was recorded on 05/31/24. SMA at 50 days reached $626.88, while 200 days put it at $632.40.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 686.78, which if violated will result in even more drops to 676.21. On the upside, there is a resistance level at 703.44. A further resistance level may holdings at 709.53. The Relative Strength Index (RSI) on the 14-day chart is 77.80, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 53.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.62%. Stochastics %K at 97.30% indicates the stock is a selling.
How much short interest is there in Intuit Inc?
A steep rise in short interest was recorded in Intuit Inc stocks on 2024-10-15, dropping by 20177.0 shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.45 million shares. There was a decline of -0.59%, 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.
