Intuit stock slides 2.57% and underperforms competitors
Updated
Updated · MarketWatch · May 8
Intuit stock slides 2.57% and underperforms competitors
6 articles · Updated · MarketWatch · May 8
Shares closed at $396.31 as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
Intuit lagged Adobe, down 1.35%, Paychex, down 0.35%, and Oracle, which gained 0.70% during Friday's broadly positive market session.
The stock finished 51.30% below its 52-week high of $813.70 reached on 30 July, while trading volume of 2.3 million was 1.2 million below its 50-day average.
With record earnings and a major AI push, why does the market believe Intuit is failing?
Intuit's leaders bet on AI and its massive data moat. Is this a winning strategy or a desperate defense?