Intuit stock sinks after-hours as software rout bites; Feb. 26 earnings now in focus

Intuit Inc shares slipped Wednesday as investors weighed the company’s risks tied to generative AI—the chatbots that generate responses from brief prompts. The stock last traded down roughly 1.2% at $539.13, fluctuating between $537.85 and $552.85 earlier in the session.

Shares of Intuit Inc slipped 2.9% to $545.67 in late afternoon trading on Tuesday, after dipping to an intraday low of $537.35 earlier. Roughly 1.8 million shares changed hands.

Intuit announced Monday a multi-year deal with background-check provider Checkr to integrate Checkr’s tech into QuickBooks Online Payroll and Intuit Enterprise Suite. Kristen Faris, a Checkr exec, said the partnership aims to help firms “hire safely, confidently and efficiently.” Meanwhile, Intuit’s Olivier Bartholot noted customers want tools that “work together seamlessly, without adding complexity.”

Intuit Inc shares climbed 2.97% to $563.97 on Friday, edging past the nearly flat S&P 500 finish. About 3.2 million shares changed hands, outpacing the stock’s 50-day average volume. Despite the jump, it remains roughly 31% below its 52-week high, according to MarketWatch data.

Shares of Intuit Inc climbed roughly 3.3% to $542.10 on Thursday, recovering from a low of $524.92 earlier in the day.

Shares of Intuit Inc dipped roughly 0.6% on Wednesday, slipping to $525.93 despite Morgan Stanley's bullish long-term outlook, which sees the stock potentially doubling in value.

Intuit Inc fell 3% to $528.95 in Tuesday’s session, its seventh straight decline, as a broad selloff knocked the S&P 500 down 2.06%. Volume in the stock topped its 50-day average, and the close was Intuit’s lowest since Nov. 10, 2023, according to Dow Jones Market Data.

Intuit Inc shares dropped 1.7% on Friday to close at $545.29, marking their sixth consecutive day of losses, then held steady in after-hours trading. The TurboTax and QuickBooks parent saw intraday swings between $535.15 and $555.79, now sitting roughly 33% below its 52-week peak reached on July 30. Trading volume hit about 4.7 million shares, well above the 50-day average. This came as Adobe slid, while Paychex and Oracle finished higher amid a slightly softer broader market.

Intuit shares open Monday as U.S. tax season looms, with the IRS set to begin accepting 2025 returns on Jan. 26. The agency faces pressure from significant staffing cuts that could strain its services.

Intuit Inc saw its shares slip 0.9% to end Friday at $646.90, following a Wells Fargo downgrade. The bank cut its price target to $700 from $840 for the TurboTax owner. Shares fluctuated between $636.46 and $653.00, with roughly 1.3 million changing hands.

Intuit Inc shares rose 2.1% on Tuesday after Truist Securities began research coverage with a buy rating and a $739 price target, its forecast for where the stock could trade. The stock closed at $647.20. Investing.com Canada