The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Intuit Inc shares valued at $48,975,955 were sold by COOK SCOTT D on Dec 18 ’24. At $664.94 per share, COOK SCOTT D sold 73,655 shares. The insider’s holdings dropped to 6,301,286 shares worth approximately $4.07 billion following the completion of this transaction.
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Also, SCOTT D. COOK & HELEN SIGNE OS purchased 73,595 shares, netting a total of over 49,880,483 in proceeds.
Before that, Balazs Alex G. had sold 23,810 shares from its account. In a trade valued at $15,856,967, the EVP, Chief Technology Officer traded Intuit Inc shares for $665.98 each. Upon closing the transaction, the insider’s holdings decreased to 23,810 shares, worth approximately $0.32 million.
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 -4.79%. Over the course of the year, Intuit Inc shares have jumped approximately 3.24%. 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 $644.67, while a 200-day SMA reached $633.26. Nevertheless, trading volume fell to 0.67 million shares from 1.11 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 639.07, which, if violated, would cause prices to drop to 632.84. In the upper region, resistance lies at 648.53. The next price resistance is at 651.76. RSI (Relative Strength Index) is 47.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.32, which suggests the price will decrease in the coming days. Percent R is at 61.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
