Large Outflow of Money Witnessed in Intuit

Intuit (INTU) : Money flow in the Intuit (INTU) stock was negative (1.34 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.09 million, compared to $1.43 million on downticks. The total uptick to downtick ratio was 0.06, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.33 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.33 million, indicating persistent selling. Intuit (INTU) traded $0.01 higher at $110.12 gaining 0.01% over the previous days close.


Intuit Inc. has lost 0.54% in the last five trading days and dropped 0.52% in the last 4 weeks. Intuit Inc. is up 1.08% in the last 3-month period. Year-to-Date the stock performance stands at 15.16%.

Intuit (INTU) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Intuit (NASDAQ:INTU): The stock opened at $110.03 and touched an intraday high of $110.305 on Wednesday. During the day, the stock corrected to an intraday low of $109.39, however, the bulls stepped in and pushed the price higher to close in the green at $110.18 with a gain of 0.06% for the day. The total traded volume for the day was 1,129,058. The stock had closed at $110.11 in the previous trading session.

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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