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

Intuit (INTU) : Intuit (INTU) had a healthy money flow of $2.06 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $19.7 million, whereas, investors only sold shares worth $17.63 million on downticks. The stock closed the day with an up-down ratio of 1.12.The money flow in the block trades to the tune of $2.4 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.4 million worth of transactions were on upticks. Intuit (INTU) stock slid $0.27 intraday and traded at 112.07, a change of -0.24% over previous days close. However, for the week, the company shares are 1.59% compared to previous weeks close.


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 -76.58% . Institutional Investors own 87.18% of Intuit shares. During last six month period, the net percent change held by insiders has seen a change of -77.66%.

In a related news,The officer (EVP and CFO) of Intuit Inc, Williams R Neil sold 6,636 shares at $110.06 on August 25, 2016. The Insider selling transaction had a total value worth of $730,358. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Intuit (NASDAQ:INTU): stock was range-bound between the intraday low of $111.44 and the intraday high of $113.105 after having opened at $112.91 on Fridays session. The stock finally closed in the red at $112.91, a loss of -0.24%. The stock remained in the red for the whole trading day. The total traded volume was 987,595 shares. The stock failed to cross $113.105 in Fridays trading. The stocks closing price on Thursday was $112.34.

Intuit (INTU) : Traders are bullish on Intuit (INTU) as it has outperformed the S&P 500 by a wide margin of 0.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.59% in the last 1 week, and is up 0.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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