Large Inflow of Money Detected in Intuit

Intuit (INTU) : $29.45 million worth of transactions were on upticks in Intuit (INTU), compared to $18.85 million on downticks. The ratio between the two was 1.56, whereas, the net money flow stood at a healthy $10.6 million on Mondays session.The block trades show a bullish bias with only $4.94 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $15.13million worth of trades. The up-down ratio between the uptick and downtick was 3.06, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $10.19 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.94%. The stock was trading at $112.09, with a drop of $1.06 over the previous days close. The stock recorded 0.54% for the week.


Shares of Intuit Inc. appreciated by 1.16% during the last five trading days but lost 1.44% on a 4-week basis. Intuit Inc. is up 9.53% in the last 3-month period. Year-to-Date the stock performance stands at 18.45%.

Intuit (NASDAQ:INTU): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.53 and $111.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.32, notching a gain of 1.10% for the day. The total traded volume was 1,205,969 . The stock had closed at $112.09 on the previous day.

In a related news, Stansbury Henry Tayloe, Officer (Evp, Chief Technology Officer) of INTUIT INC, unloaded 2,787 shares at an average price of $103.86 on June 24, 2016. The total amount of the transaction was worth $289,458, according to the disclosed information 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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