Shares of Intuit (INTU) Sees Large Outflow of Money

Intuit (INTU) : Thursdays money flow analysis of Intuit (INTU) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $3.53 million. In comparison, the inflow of money on upticks was a meager $2.25 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.28 million. The uptick to downtick ratio of 0.64 in the money flow shows weakness. The downtick transaction value was high at $1.18 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.18 million). Intuit (INTU) gained $0.67 at $113.95, a change of 0.59% over the previous days close.


Intuit (INTU) : The highest short term price target forecast on Intuit (INTU) is $134 and the lowest target price is $93. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $114.75 with a standard deviation of $13.87. The stock has recorded a 20-day Moving Average of 5.96% and the 50-Day Moving Average is 8.34%.

Intuit (NASDAQ:INTU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.19 and $112.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.25, notching a gain of 0.86% for the day. The total traded volume was 1,074,470 . The stock had closed at $113.28 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.