Large Outflow of Money Witnessed in Intuit

Intuit (INTU) : The total money flow in Intuit (INTU) was negative ($9.21 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $21.46 million. In comparison, the inflow of money into the stock on upticks was $12.25 million. The uptick to downtick ratio was 0.57. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $7.64 million. The negative money flow of ($7.64 million) confirms the selling in Intuit (INTU) on strength. Intuit (INTU) gained $0.27 at $115.25, a gain of 0.23% over the previous days close. However, the stock registered -0.2% in the week.


Intuit Inc. is up 11.33% in the last 3-month period. Year-to-Date the stock performance stands at 20.46%. Intuit Inc. has dropped 0.33% in the last five trading days, however, the shares have posted positive gains of 8.51% in the last 4 weeks. 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 (NASDAQ:INTU): stock turned positive on Monday. Though the stock opened at $114.89, the bulls momentum made the stock top out at $115.75 level for the day. The stock recorded a low of $114.55 and closed the trading day at $115.25, in the green by 0.23%. The total traded volume for the day was 737,384. The stock had closed at $114.98 in the previous days trading.

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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