Large Inflow of Money Detected in Intuit

Intuit (INTU) : $4.55 million worth of transactions were on upticks in Intuit (INTU), compared to $2.49 million on downticks. The ratio between the two was 1.83, whereas, the net money flow stood at a healthy $2.06 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $1.21million worth of trades. The total money flow into the stock stood at $1.21 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.14%. The stock was trading at $114.62, with a drop of $0.16 over the previous days close. The stock recorded -0.31% for the week.


Also, Barclays downgrades its view on Intuit (NASDAQ:INTU) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Barclays raises the price target from $110 per share to $116 per share on Intuit . The rating by the firm was issued on July 15, 2016.

Intuit (NASDAQ:INTU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.78 and $112.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.79, notching a gain of 0.01% for the day. The total traded volume was 1,555,125 . The stock had closed at $114.78 on the previous day.

The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 6.58%. In a related news,The Officer (Evp, Chief Technology Officer) of INTUIT INC, Stansbury Henry Tayloe sold 2,787 shares at $103.86 on June 24, 2016. The Insider selling transaction had a total value worth of $289,458. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others. The Companys Small Business segment solutions include QuickBooks Online, Online Payroll solutions, Online Payments solutions and Intuit Developer Group. The Companys Small Business Desktop Ecosystem solutions include QuickBooks, Desktop Payroll Solutions, Desktop Payments solutions, QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings, electronic filing and other services, and Intuit Tax Freedom Project. The Companys professional tax offerings include Lacerte and ProSeries.

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