Intuit (INTU) Stock Dips Amid Sector Decline

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2 days ago
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Intuit (INTU, Financial) experienced a sudden stock price drop of 1.20%, with shares priced at $599.98. The trading volume reached 728,403 shares, reflecting a turnover rate of 0.26% and a price fluctuation of 1.09%.

Recent financial reports show that Intuit achieved a revenue of $16.285 billion and a net profit of $2.963 billion, with earnings per share (EPS) of $10.58. The company's gross profit stood at $12.337 billion, and it maintains a price-to-earnings (P/E) ratio of 57.56. Among 32 rating agencies, 75% recommend buying, 22% suggest holding, and 3% recommend selling.

The software services sector, including Intuit, saw an overall decline of 0.67%. Notable gainers in this sector include Rezolve Ai Ltd, Banzai International Inc, and Arqit Quantum Inc. Active stocks in the sector were Cemtrex Inc., Microalgo, Inc., and AMTD Digital, with significant turnover rates of 997.06%, 768.13%, and 21.82%, respectively. Stocks with notable price swings included Rezolve Ai Ltd, Ryvyl Inc., and AMTD Digital, with respective amplitudes of 111.17%, 35.33%, and 31.20%.

Intuit Inc. is a leading provider of small business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax services (Lacerte), dominating much of the U.S. market share in these segments since its inception in the mid-1980s.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.