Intuit Inc’s recently made public that its Founder COOK SCOTT D unloaded Company’s shares for reported $48.14 million on Nov 25 ’24. In the deal valued at $641.82 per share,75,000 shares were sold. As a result of this transaction, COOK SCOTT D now holds 6,378,105 shares worth roughly $4.04 billion.
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Then, COOK SCOTT D sold 3,164 shares, generating $2,017,349 in total proceeds. Upon selling the shares at $637.59, the Founder now owns 6,374,941 shares.
Before that, SCOTT D. COOK & HELEN SIGNE OS bought 78,164 shares. Intuit Inc shares valued at $50,034,340 were divested by the Director at a price of $640.12 per share.
Scotiabank initiated its Intuit Inc [INTU] rating to a Sector perform in a research note published on November 19, 2024; the price target was $700. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. Morgan Stanley also remained covering INTU and has decreased its forecast on August 14, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. RBC Capital Mkts started covering the stock on July 03, 2024. It rated INTU as “an Outperform”.
Price Performance Review of INTU
On Monday, Intuit Inc [NASDAQ:INTU] saw its stock fall -1.19% to $634.07. Over the last five days, the stock has lost -0.95%. Intuit Inc shares have risen nearly 1.45% since the year began. Nevertheless, the stocks have risen 10.96% over the past one year. While a 52-week high of $714.78 was reached on 11/13/24, a 52-week low of $557.29 was recorded on 05/31/24. SMA at 50 days reached $634.04, while 200 days put it at $633.50.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 630.36, which if violated will result in even more drops to 626.66. On the upside, there is a resistance level at 639.08. A further resistance level may holdings at 644.09. The Relative Strength Index (RSI) on the 14-day chart is 45.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.57%. Stochastics %K at 8.28% 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 2024-10-31, growing by 0.85 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.99 million shares. There was a rise of 22.17%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 13, 2024 when Jefferies resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $770.
