Intuit Inc’s recent filing unveils that its SVP, Chief Accounting Officer Hotz Lauren D unloaded Company’s shares for reported $0.67 million on Jan 10 ’25. In the deal valued at $619.28 per share,1,078 shares were sold. As a result of this transaction, Hotz Lauren D now holds 1,864 shares worth roughly $1.14 million.
Then, Hotz Lauren D bought 1,078 shares, generating $667,586 in total proceeds.
Before that, Aujla Sandeep sold 1,300 shares. Intuit Inc shares valued at $814,350 were divested by the EVP and CFO at a price of $626.42 per share. As a result of the transaction, Aujla Sandeep now holds 644 shares, worth roughly $0.39 million.
Exane BNP Paribas downgraded its Intuit Inc [INTU] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid November with a ‘”a Sector perform”‘ rating. BMO Capital Markets also remained covering INTU and reiterated its “an Outperform” recommendation on August 23, 2024. Morgan Stanley revised its rating on August 14, 2024. It rated INTU as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of INTU
On Tuesday, Intuit Inc [NASDAQ:INTU] saw its stock jump 0.87% to $609.41. Over the last five days, the stock has lost -0.62%. Intuit Inc shares have fallen nearly -3.04% since the year began. Nevertheless, the stocks have fallen -0.32% 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 01/17/25. SMA at 50 days reached $647.68, while 200 days put it at $631.79.
Levels Of Support And Resistance For INTU Stock
The 24-hour chart illustrates a support level at 604.37, which if violated will result in even more drops to 599.34. On the upside, there is a resistance level at 612.75. A further resistance level may holdings at 616.10. The Relative Strength Index (RSI) on the 14-day chart is 40.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.19%. Stochastics %K at 21.84% indicates the stock is a holding.
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 July 03, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $760 price target.
