Intuit stock drops again after TurboTax NYC push as Jefferies calls the slide “overdone”
Intuit shares fell 1.7% to $545.29 Friday, extending a six-day slide and closing about 33% below last July’s high. Trading volume surged to 4.7 million shares. The drop comes as the company launches new TurboTax stores and faces investor concerns over AI’s impact on tax prep. Intuit’s next earnings report is expected around Feb. 24.