A Closer Look at Intuit's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment in the options market for Intuit (NASDAQ:INTU), with 68% of trades showing bearish tendencies. Significant options trades indicate a targeted price range of $400.0 to $740.0. Intuit's current trading volume is 845,268, with a slight price decrease of -0.05%, standing at $644.09. The RSI indicates a neutral position. Earnings are expected in 42 days, with analysts from BMO Capital and Keybanc giving an average target price of $710.0.
April 09, 2024 | 8:31 pm
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Intuit shows a bearish sentiment in options trading, with a current slight price decrease and a neutral RSI. Analysts have set an average target price of $710.0, with earnings expected in 42 days.
The bearish sentiment in the options market, combined with the current slight price decrease and neutral RSI, suggests a cautious short-term outlook for INTU. However, the average target price set by analysts and the upcoming earnings announcement could provide positive momentum. The high relevance is due to the direct focus on INTU's options market and stock performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100