Intuit Inc’s filing revealed that its Officer MARK PHILLIP NOTARAINNI acquired Company’s shares for reported $0.23 million on Jan 03 ’25. In the deal valued at $628.50 per share,363 shares were bought.
Then, SANDEEP AUJLA bought 109 shares, generating $68,506 in total proceeds.
Before that, Goodarzi Sasan K sold 75,000 shares. Intuit Inc shares valued at $47,257,202 were divested by the CEO, President and Director at a price of $630.10 per share. As a result of the transaction, Goodarzi Sasan K now holds 35,776 shares, worth roughly $22.55 million.
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 Friday, Intuit Inc [NASDAQ:INTU] saw its stock jump 1.19% to $630.23. Over the last five days, the stock has lost -2.47%. Intuit Inc shares have risen nearly 0.28% since the year began. Nevertheless, the stocks have risen 6.61% over the past one year. While a 52-week high of $714.78 was reached on 01/02/25, a 52-week low of $557.29 was recorded on 01/02/25. SMA at 50 days reached $647.13, while 200 days put it at $632.95.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 626.17, which if violated will result in even more drops to 622.10. On the upside, there is a resistance level at 632.65. A further resistance level may holdings at 635.06. The Relative Strength Index (RSI) on the 14-day chart is 43.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.13%. Stochastics %K at 10.82% 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.
