Shares of Intuit (INTU) Drops by -0.43%

Intuit (INTU) has risen sharply, recording gains of 9.13% in the past 4 weeks. However, the stock has corrected -0.43% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 4.22% and the 50-Day Moving Average is 7.64%.

Intuit (NASDAQ:INTU): The stock opened at $116.58 on Friday but the bulls could not build on the opening and the stock topped out at $116.58 for the day. The stock traded down to $114.46 during the day, due to lack of any buying support eventually closed down at $114.98 with a loss of -1.21% for the day. The stock had closed at $116.39 on the previous day. The total traded volume was 2,158,381 shares.


The company Insiders own 5.5% of Intuit shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -88.88% . Institutional Investors own 90.44% of Intuit shares. During last six month period, the net percent change held by insiders has seen a change of -88.88%. 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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