Intuit Inc. (NASDAQ: INTU) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, INTU is expected to continue to be a major Value Builder.
Intuit has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Intuit has a poor Appreciation Score of 16 but a good Power Rating of 72, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Intuit Inc. (NASDAQ: INTU) stock suffered a large decline of -5.9% on 5/30/24. The stock closed at $562.97. Moreover, trading volume in this decline was exceptionally high at 266% of normal. Relative to the market the stock has been strong over the last nine months but has declined -15.7% during the last week.
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