Shares of Intuit (INTU) Sees Large Inflow of Net Money Flow

Intuit (INTU) : Intuit (INTU) had a healthy money flow of $2.17 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $2.54 million, whereas, investors only sold shares worth $0.37 million on downticks. The stock closed the day with an up-down ratio of 6.94.The money flow in the block trades to the tune of $2.14 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.14 million worth of transactions were on upticks. Intuit (INTU) stock slid $0.11 intraday and traded at 113.08, a change of -0.1% over previous days close. However, for the week, the company shares are -1.65% compared to previous weeks close.


Intuit (INTU) : Currently there are 8 street experts covering Intuit (INTU) stock. The most bullish and bearish price target for the stock is $134 and $93 respectively for the short term. The average price target of all the analysts comes to $118. The estimated standard deviation from the target is $14.

Intuit (NASDAQ:INTU): stock turned positive on Friday. Though the stock opened at $113.59, the bulls momentum made the stock top out at $114.335 level for the day. The stock recorded a low of $112.99 and closed the trading day at $114.06, in the green by 0.77%. The total traded volume for the day was 717,718. The stock had closed at $113.19 in the previous days trading.

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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