Intuit (INTU) Shares are Up 0.63%

Intuit (INTU) has been under a strong bear grip, hence the stock is down -1.48% 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 0.66% in the past 1 week. The stock has risen by 0.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.1% in the past 4 weeks.

Intuit Inc. is up 9.77% in the last 3-month period. Year-to-Date the stock performance stands at 17.9%. The stock has recorded a 20-day Moving Average of 0.64% and the 50-Day Moving Average is 1.59%.


Intuit (NASDAQ:INTU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.59 and $112.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $112.80, notching a gain of 0.23% for the day. The total traded volume was 924,483 . The stock had closed at $112.54 on the previous day.

Also, Equity analysts at the Brokerage firm Barclays downgrades its rating on Intuit (NASDAQ:INTU). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Barclays raises the price target from $110 per share to $116 per share. 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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