Large Outflow of Money Witnessed in Intuit Inc.

Intuit Inc. (INTU) managed to stay afloat and traded higher with an addition of 0.01 point or 0.01% at $118.59. The money flow data is a negative $(-1.96) million with $1.35 million in upticks and $3.31 million in downticks. The intraday up/down ratio came in at 0.41. The shares has seen 0% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $2.19, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-2.19) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Intuit Inc. has dropped 1.92% in the last five trading days, however, the shares have posted positive gains of 3.01% in the last 4 weeks. Intuit Inc. is up 8.57% in the last 3-month period. Year-to-Date the stock performance stands at 3.01%. Intuit Inc. (NASDAQ:INTU) witnessed a decline in the market cap on Wednesday as its shares dropped 0.73% or 0.87 points. After the session commenced at $118.49, the stock reached the higher end at $118.99 while it hit a low of $117.39. With the volume soaring to 922,747 shares, the last trade was called at $117.71. The company has a 52-week high of $120.55. The company has a market cap of $30,212 million and there are 256,668,630 shares in outstanding. The 52-week low of the share price is $88.17.

Company has reported several Insider transactions to the SEC, on Dec 29, 2016, Henry Tayloe Stansbury (EVP, Chief Technology Officer) sold 1,871 shares at 116.88 per share price.On Nov 22, 2016, Daniel A Wernikoff (EVP & GM, Consumer Tax Group) sold 13,504 shares at 115.33 per share price.On Nov 22, 2016, Mark J Flournoy (VP, Chief Accounting Officer) sold 1,892 shares at 115.48 per share price.

Intuit Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.03. The company had revenue of $778.00 million for the quarter, compared to analysts expectations of $754.36 million. The companys revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Intuits mission is to revolutionize how people manage their financial activities. The companys objective is to greatly expand the world of electronic finance. Electronic finance encompasses three types of products and services: desktop software products that operate on customers personal computers to automate financial tasks; products and services that are delivered via the Internet; and products and services that connect Internet-based services with desktop software to enable customers to integrate their financial activities.

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