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 $48,136,222 were sold by COOK SCOTT D on Nov 25 ’24. At $641.82 per share, COOK SCOTT D sold 75,000 shares. The insider’s holdings dropped to 6,378,105 shares worth approximately $4.06 billion following the completion of this transaction.
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Also, COOK SCOTT D sold 3,164 shares, netting a total of over 2,017,349 in proceeds. Following the sale of shares at $637.59 each, the insider now holds 6,374,941 shares.
Before that, SCOTT D. COOK & HELEN SIGNE OS had added 78,164 shares to its account. In a trade valued at $50,034,340, the Director bought Intuit Inc shares for $640.12 each.
As published in their initiating research note from Scotiabank on November 19, 2024, Intuit Inc [INTU] has been a Sector perform and the price target has been revised to $700. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of August 14, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for INTU. Earlier on July 03, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for INTU stock.
Analyzing INTU Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, Intuit Inc shares have jumped approximately 1.78%. Shares of the company reached a 52-week high of $714.78 on 11/13/24 and a 52-week low of $557.29 on 05/31/24. A 50-day SMA is recorded $634.51, while a 200-day SMA reached $633.73. Nevertheless, trading volume fell to 1.37 million shares from 1.78 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 631.22, which, if violated, would cause prices to drop to 626.27. In the upper region, resistance lies at 641.10. The next price resistance is at 646.04. RSI (Relative Strength Index) is 45.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -33.31, which suggests the price will decrease in the coming days. Percent R is at 93.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
