Intuit (INTU) Shares are Up 0.54%

Intuit (INTU) has been under a strong bear grip, hence the stock is down -3.51% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.48% in the past 1 week. The stock has risen by 0.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.51% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.43% and the 50-Day Moving Average is 1.4%. Intuit (NASDAQ:INTU): On Fridays trading session , Opening price of the stock was $112.57 with an intraday high of $112.922. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $111.85. However, the stock managed to close at $112.09, a loss of 0.94% for the day. On the previous day, the stock had closed at $113.15. The total traded volume of the day was 854,854 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 88.14% of Intuit shares. During last six month period, the net percent change held by insiders has seen a change of -88.88%. Also, Barclays downgrades its rating on Intuit (NASDAQ:INTU). The global brokerage major raises the current price target from $110 per share to $116 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 15, 2016.

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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