Do Traders Think Intuit Inc. (INTU) Can Turn Around Wednesday?

Intuit Inc. (INTU) stock has fallen 0.87% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Intuit Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on INTU!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With INTU Stock Today?

Intuit Inc. (INTU) stock has gained 2.4% while the S&P 500 has fallen -0.21% as of 10:47 AM on Wednesday, Nov 30. INTU is up $9.10 from the previous closing price of $379.71 on volume of 879,005 shares. Over the past year the S&P 500 has fallen -15.16% while INTU has fallen -44.03%. INTU earned $7.27 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 53.75. To see InvestorsObserver's Sentiment Score for Intuit Inc. click here.

More About Intuit Inc.

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software. Click Here to get the full Stock Report for Intuit Inc. stock.