Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuit Inc shares valued at $8,704,807 were purchased by MARK PHILLIP NOTARAINNI on Dec 05 ’24. At $646.62 per share, MARK PHILLIP NOTARAINNI acquired 13,462 shares.
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Also, COOK SCOTT D sold 75,000 shares, netting a total of over 48,136,222 in proceeds. Following the sale of shares at $641.82 each, the insider now holds 6,378,105 shares.
Before that, COOK SCOTT D had sold 3,164 shares from its account. In a trade valued at $2,017,349, the Founder traded Intuit Inc shares for $637.59 each. Upon closing the transaction, the insider’s holdings decreased to 3,164 shares, worth approximately $4.14 billion.
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 surge of approximately 1.97%. Over the course of the year, Intuit Inc shares have jumped approximately 3.79%. 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 $634.53, while a 200-day SMA reached $633.50. Nevertheless, trading volume fell to 1.21 million shares from 38016.0 shares the previous day.
Support And Resistance Levels for Intuit Inc (INTU)
According to the 24-hour chart, there is a support level at 642.42, which, if violated, would cause prices to drop to 636.13. In the upper region, resistance lies at 654.02. The next price resistance is at 659.34. RSI (Relative Strength Index) is 50.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.91, which suggests the price will decrease in the coming days. Percent R is at 66.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
